• FDIC: Problem Banks Unchanged, Residential REO Declined in Q4

    6 days ago - By Calculated Risk

    The FDIC released the Quarterly Banking Profile for Q4 2020 today:
    For the commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation , aggregate net income totaled $59.9 billion in fourth quarter 2020, an increase of $5 billion from a year ago. The improvement in quarterly net income was led by a reduction in provision expenses. Financial results for fourth quarter 2020 are included in the FDIC's latest Quarterly Banking Profile released today.
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    The Deposit Insurance Fund's Reserve Ratio Declined from the Previous Quarter to 1.29 Percent: The Deposit...
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