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FDIC: 829 Troubled Banks

FDIC: 829 Troubled Banks

Highest Number of Problem Institutions Since 928 in 1993

Tuesday, August 31, 2010

The Federal Deposit Insurance Corporation's "Problem Bank List" rose to 829 in the second quarter of 2010.

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TJX. Hannaford. Heartland. The scenario has played itself out all too frequently in recent years. Fraudsters have gained access to payment card data - not from the banking institutions' own systems, but from their card processors, merchants or third-party service providers. And you know what happened next: fraud perpetrated against thousands of consumers.

In each of these cases, who was...


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