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Monday, November 2, 2009

Problem Banks on a Parabolic Rise

According to ProblemBankList.com (there really is a website for everything) details what a problem bank is:

The Problem Bank List is the FDIC’s internal list of financial institutions that the FDIC believes are in danger of failure.
Calculated Risk reader surferdude808 with the details:
The Unofficial Problem Bank List crossed a major threshold this week as 500 institutions are now listed.

The list grew by a net 18 institutions this week and nearly $44 billion in assets were added. Most of the increase comes is a result of the FDIC finally releasing its actions for September 2009. It will take another month to get their actions for October 2009.
And the chart...



Source: Calculated Risk