Feb
27
Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter
- February 27th, 2009
from the FDIC
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990. Rising [...]
Read More About - Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter »