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FDIC: Problem Bank List Over 300

The number of lenders on the “problem bank” list rose to 305, up from 252 in the last quarter of 2008. This is the highest level of troubled institutions since 1994. So far this year 36 banks have failed, including BankUnited. The FDIC announced last week a one-time assessment fee on all domestic banks, which is expected to raise $5.6 billion for the fund. The problem bank list is a lagging indicator, and it normally continues to climb for roughly 18 months following the end of a recession.”]

Source: https://www.cuinfosecurity.com/fdic-problem-bank-list-over-300-a-1498

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