Overall, during the fourth quarter of 2009, American banks managed a small profit of $914 million but the number of troubled banks increased to 702.
The $914 million profit is a great increase from the 4th quarter of 2008 when banks reported a $37.8 billion loss and overall banks earned $12.5 billion in 2009 as compared to $4.5 billion in 2008.
Unfortunately, despite the increase in profit the number on the FDIC's potential problem bank increased to 702 from 552 from the third quarter of 2009.
Tuesday, February 23, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment