Friday, August 28, 2009


Banks on Sick List Top 400

Industry's Health Slides as Bad Loans Pile Up; Deposit-Insurance Fund Shrinks

The banking industry continues to deteriorate, with federal regulators adding 111 lenders to their list of endangered banks in the latest quarter, even as the economy shows signs of stabilizing... Data released Thursday painted a gloomy picture of the state of banking.

The government fund that protects consumer deposits fell to its lowest level since 1993. The continuing woes, which come despite trillions of dollars in government rescue financing and a rebounding stock market, raised questions about how quickly the economy can revive...

WSJ: Banks on Sick List Top 400 (Subscription required)

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