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CREJ Next Level

Mar. 2, 2010

Banks Report Small Profit But 'Problem' List Jumps

By MARCY GORDON AP Business Writer WASHINGTON - The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy.

By MARCY GORDON

AP Business Writer

WASHINGTON - The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy.

Loan losses and bank failures are likely to continue to haunt the industry as regional banks succumb to soured commercial real estate loans.

The snapshot for October-December 2009 issued Tuesday by the Federal Dep...

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