The FDIC released its decidedly downbeat first quarter banking profile last week. If you think that’s just the opinion of the perennially "doomish" twist, check out the report’s "highlights" listed at the top of the report:
- Industry Reports Year-Over-Year Earnings Decline
- Rising Loan Loss Provisions Reduce Profits at Larger Institutions
- Net Interest Margins Decline at Small Institutions, Rise at Large Banks
- Loan Growth Slows for Fourth Consecutive Quarter
- Mortgage Assets Decline for Second Quarter in a Row
Of the earnings decline, South FL Business Journal states:
Read the rest of this entry »
