U.S. banks post first collective quarterly loss (-$26.2B) since the 1990 S&L breakdown, FDIC...

|By:, SA News Editor

U.S. banks post first collective quarterly loss (-$26.2B) since the 1990 S&L breakdown, FDIC says, and 'problem' banks rise 47% to 252 lenders with assets of $159B. Two-thirds of all banks still turned a profit, but were outweighed by large losses at the big banks.