US Government’s ‘Problem Bank List’ Grew Again Last Quarter
- The FDIC’s confidential list expanded throughout 2023
- Overall banking sector remains strong and resilient, FDIC says
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Washington’s “Problem Bank List” rose again last quarter, capping off a year when US lenders struggled to cope with higher interest rates and more overdue loans for commercial buildings and credit cards.
The Federal Deposit Insurance Corp. said Thursday that its confidential tally of lenders with with financial, operational or managerial weaknesses had grown by eight banks to 52, representing 1.1% of the institutions it oversees. The total assets held by those firms increased by $12.8 billion last quarter to $66.3 billion.