The FDIC's quarterly report on banking (.pdf) paints a picture of an industry that is slowly...

|By:, SA News Editor

The FDIC's quarterly report on banking (.pdf) paints a picture of an industry that is slowly improving. The number of banks falling on the dreaded list of "problem banks" fell moderately to 844, from 865. Member banks reported that their net profit jumped 49% Y/Y after setting aside less for bad loans - marking the highest level of profits since Q2 of 2007. According to data from the FDIC, non-current loans and loan losses fell in Q3, but remains elevated.