Summary Box: Fewer banks on 'problem' list in Q2

AP News
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Posted: Aug 23, 2011 5:14 PM
Summary Box: Fewer banks on 'problem' list in Q2

PROBLEM BANK LIST SHRINKS: The number of troubled banks tracked by the Federal Deposit Insurance Corp. fell in the April-June quarter to 865. It was the first quarterly drop in five years.

SLOWING EARNINGS GROWTH: The banking industry earned $28.9 billion in the second quarter. That was the eighth straight quarterly increase. But it was also the smallest gain in the past seven quarters.

MIXED SIGN: The mixed data suggest the industry is making gradual progress but still feeling the effects of the weak economy.