Banking Industry Posts First Loss Since 1990, FDIC Says
February 26, 2009 – 11:43 amThe Federal Deposit Insurance Corporation ( FDIC ) announced the first quarterly loss in U.S. banks since 1990 in the fourth quarter. Although the FDIC does not name the banks, they said, in total, U.S. banks lost 26.2 billion in Q4. In 1990, losses totalled…(read more)