Nine banks failed in the third quarter, the highest quarterly total in 15 years
Posted December 1, 2008
- 9: Number of banks that failed in the third quarter (highest quarterly total in 15 years)
- 171: Number of banks on the FDIC's "Problem List" as of the third quarter (the highest since 1995, when there were 193 on the list)
- 117: Number of banks on the FDIC's "Problem List" as of the second quarter
- $115.6 billion: Assets of the "problem" institutions in the third quarter (the first time since 1994 that assets of "problem" banks have exceeded $100 billion)
- $78.3 billion: Assets of the "problem" institutions in the second quarter
- $1.7 billion: Third-quarter net income
- 94 percent: Decline in net income from the third quarter of 2007 (when net income was $27 billion)
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