FDIC: Number of problem banks fell to 865 in Q2 The Associated Press
23.08.11
WASHINGTON (AP) — The number of troubled banks tracked by the Federal Deposit Insurance Corp. fell in the April-June quarter, the first quarterly drop in five years. But growth in bank earnings slowed, a sign that the financial industry is feeling the effects of a weak economy.
The FDIC said Tuesday that there were 865 banks on its confidential "problem" list in the second quarter, or roughly 11.5 percent of all federally insured banks. That was down from 888 in the January-March quarter and the first decline since mid-2006. Those are banks considered to have low capital cushions against risk.
The FDIC also said the banking industry earned $28.8 billion in the second quarter, up from $20.9 billion in the same period last year. That marked the eighth straight quarter that earnings rose from the previous year. But it was the smallest gain in the past seven quarters.
Banks with assets exceeding $10 billion drove the bulk of the earnings growth. They made up 1.4 percent of all banks but accounted for about $23.4 billion of the industry's earnings in the second quarter.
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7 Winter Maintenance Tips to Avoid Costly bHoliday Home Insurance/b b.../b
Holiday homes are particularly vulnerable to storm and frost damage during winter, as they are often left empty during this hazardous period. By following some simple winter holiday home maintenance tips, property owners can help reduce the risk of filing claims this winter – advises Sheffield’s the holiday home insurance specialists.
If you are letting your holiday home throughout the winter, there is a danger that a guest could slip or fall on icy/slippery paths and decide to sue. Your public liability insurance (if you have it) will protect you against such actions. However, keep paths well lit, clear of slippery leaves and make sure that you have a good supply of grit or salt.
Unlike most other holiday home insurers, Schofields’ policies do not have security, heating or unoccupancy warranties. However, holiday home owners should check their insurance policies and any obligations regarding these three critical areas. Exclusions and restrictions in the small print can render a holiday home insurance policy worthless, just when homes are most at risk during the winter months.
