Economy

August 31, 2010 5:22 PM

Problem banks on rise, but bank profits rising too

The number of banks on a government "problem list" rose to 829 in the second quarter, the Federal Deposit Insurance Corp. said Tuesday, a sign that bank failures may surpass last year's 140 closures. At the same time, however, banks overall reported strong income during the quarter, providing some grounds for optimism.

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