Financial Times FT.com

FDIC rescue fund slides into the red

By Justin Baer in New York

Published: November 24 2009 19:18 | Last updated: November 24 2009 19:18

The Federal Deposit Insurance Corporation said on Tuesday that its main rescue fund had slipped into the red as the list of troubled US banks swelled to a 16-year high.

The FDIC added 136 in­sured banks to its “problem list” in the third quarter, raising the list’s number to 552 at the end of September.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this