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Stock impact report

FDIC 'problem bank' list grows as industry profits dip [USA TODAY]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: USA TODAY
The Federal Deposit Insurance Corporation typically does not identify firms that are added to the list, which includes banks that have received particularly low confidential scores from bank supervisors. FDIC Chairman Martin Gruenberg said the overall level of problem banks, now totaling 68 firms, is "not atypical." But he added it is a "consequential development" for individual firms that comes with added scrutiny. "We certainly pay close attention, especially to the individual institutions that may be having heightened supervisory issues relating to the downgrades," he said at a press conference. The addition of larger firms to the problem bank list happened roughly a year and a half after the abrupt failure of Silicon Valley Bank kicked off broader turmoil in the banking sector, which led to the failure of two other regional firms and aggressive intervention by regulators to shore up the system. FDIC chairman: Martin Gruenberg to retire in January, clearing way for Trump pic Show less Read more
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