Troubled Banks List Largest in 18 Years: FDIC

http://www.insidearm.com/news/00007241-troubled-banks-list-largest-in-18-years-f/

Nearly 12 percent of all federally insured banks are at risk of failing, the highest level in 18 years, according to a story by the AP.

The Federal Deposit Insurance Corp. (FDIC) said that the list expanded slightly in the first quarter of 2011 from the fourth quarter of last year. But the increase was enough to set a near-two decade record.

The report comes at a time when U.S. banks reported record profits. But the earnings were driven largely by only the biggest banks. Smaller financial institutions are still struggling with newly-imposed capital rules in the wake of the 2008 financial crisis.

Troubled Banks List Largest in 18 Years: FDIC

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