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Real Estate & Property Law

: Housing Wire

Bank Losses Mount in Q4; FDIC Hikes Deposit Insurance Premiums

By KELLY CURRAN

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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported Thursday a collective loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 — and the first quarterly loss recorded by the U.S. [...]

Full post as published by Housing Wire on February 27, 2009 (boomark / email).

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