Big Banks are Doing better, I think...

Banks are doing better. I hope the troubles of the big banks are behind, and the recent troubles at Chase are not a harbinger of more troubles to come.

 

From DS News

 

FDIC Reports Profit of $35.3B, Problem Institutions Decline

FDIC-insured banks and savings institutions reported a total profit of $35.3 billion in the first quarter of 2012, a $6.6 billion increase from the $28.8 billion net income reported in the 2011 first quarter. The increase marks the 11th consecutive quarter of year-over-year gains. The number of "problem" institutions dropped to the smallest number since year-end 2009. "Problem" institutions declined from 813 to 772, with total assets of "problem" institutions shrinking from $319 billion to $292 billion. » Read More

 

 

- sunil

 

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