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troubled loans

416 problem US banks with $3.7 billion losses, a decline or a growth?

August 28, 2009 - 5:07am | Analytics | News
416 problem US banks with $3.7 billion losses, a decline or a growth?

According to Thursday report released by the Federal Deposit Insurance Corp problem banks in the United States increased more than 1/3 to 416 in the second quarter of 2009. Meantime, the regulators claim that there are signs of stabilization in the industry.

The report showed that the industry dropped back to a $3.7 billion loss in the second quarter, after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values.
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assets | banking industry | FDIC | lending | mortgage | problem banks | recession | troubled loans
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Bank of America reports high revenues, which still cannot cover shares decline

April 21, 2009 - 12:04am | Banks and internet banks | News
Bank of America reports high revenues, which still cannot cover shares decline

On Monday Bank of America reported a big growth in troubled loans, in spite of the fact its Merrill Lynch & Co acquisition encouraged first-quarter profit to more than double. Of course this report disappointed the bank’s investors.

The report says the results were supported by one-time events, such as a $1.9 billion gain from selling shares of China Construction Bank Corp and $2.2 billion received from widening credit spreads.
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assets | BofA | dividends | Merrill Lynch | net income | revenue | share | troubled loans
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