Blog | G5 Cyber Security

FDIC: Now 775 ‘Problem Banks’

The number of “problem banks” on the list rose to 775 in the first quarter of 2010. The total number of failed institutions to date in 2010 is 80, with 72 banks and 8 credit unions. This is the highest number since June 30, 1993, when the number and assets of troubled banks was at 793 and $467 billion. The majority of institutions that are placed on the “Problem Bank List” do not fail, according to the FDIC’s Sheila Bair.”]

Source: https://www.cuinfosecurity.com/fdic-now-775-problem-banks-a-2556

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