Summary Box: Bank earnings highest in 4 years

AP News
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Posted: Nov 22, 2011 3:06 PM
Summary Box: Bank earnings highest in 4 years

EARNINGS UP: Banks earnings rose over the summer to their highest level in more than four years, the Federal Deposit Insurance Corp. said Tuesday. More than 60 percent of banks reported higher earnings

BAD BANKS DOWN: The FDIC also said there were 844 banks on its confidential "problem" list in the quarter, or roughly 11.5 percent of all federally insured banks. That's down from the April-June period and the second straight quarterly decline.

LESS LOSSES: Government regulators say the bulk of the gains were because banks, especially credit card companies, set aside less money for potential losses.