As Bank Woes Ease, the F.D.I.C.’s Fund Is Building Up
By ERIC DASH
NYT
Bank troubles are easing after three years of small financial institutions’ falling like dominoes, and the development is expected to help push the insurance fund that protects depositors into positive territory next month.
Only four lenders were added to the government’s list of so-called problem banks in the first quarter, bringing the total to 888, the Federal Deposit Insurance Corporation said on Tuesday. That is the smallest increase since the financial crisis began and one of the clearest signs yet that the banking industry is returning to health.
The F.D.I.C. fund that is used to protect depositors, which slipped into the red for the first time in September 2009, is now expected to be replenished by the end of June.
The agency offered a relatively upbeat assessment for the nation’s 7,574 lenders in its quarterly report card released on Tuesday.
(More here.)
NYT
Bank troubles are easing after three years of small financial institutions’ falling like dominoes, and the development is expected to help push the insurance fund that protects depositors into positive territory next month.
Only four lenders were added to the government’s list of so-called problem banks in the first quarter, bringing the total to 888, the Federal Deposit Insurance Corporation said on Tuesday. That is the smallest increase since the financial crisis began and one of the clearest signs yet that the banking industry is returning to health.
The F.D.I.C. fund that is used to protect depositors, which slipped into the red for the first time in September 2009, is now expected to be replenished by the end of June.
The agency offered a relatively upbeat assessment for the nation’s 7,574 lenders in its quarterly report card released on Tuesday.
(More here.)
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