The number of banks that failed in 2011 fell to 92 from 157 in 2010 and the number of "problem...

|By:, SA News Editor

The number of banks that failed in 2011 fell to 92 from 157 in 2010 and the number of "problem banks" dropped as well, although 844 institutions still face trouble. The improving economy means that banks deteriorate more slowly and so are being given more time to turn things around.