CHART OF THE DAY: Number Of "Problem" Banks Hits Brand-New High

button more charts
button chart prev
button chart next

The FDIC’s latest quarterly banking profile generally shows an industry nursing itself back to health. Total quarterly earnings of $21.6 billion compared to losses of $4.4 billion in the year-ago quarter. And the $40.3 billion that banks set aside for loan-losses is the lowest level since Q1 2008.

But the industry still has a long way to go, and one obvious statistic is that the total number of problem institutions hit a new high in Q2. When this starts coming down, that will be a reason to rejoice.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.