2008-11-25kmir6.com

"The Federal Deposit Insurance Corp. says its list of problem banks, those considered to be in trouble, shot up to 171 during the third quarter. That's up nearly 50% from 117 in the second quarter, and the highest number since late 1995.

The FDIC also says commercial banks and savings institutions suffered a 94% drop in third-quarter profits to $1.7 billion from $27 billion in the same period last year. Except for the fourth quarter of 2007, it was the lowest quarterly profit since the fourth quarter of 1990."



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