Photo from AFP.FDIC: 'Problem' Banks at 775 -- Wall Street Journal
WASHINGTON—A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.'s list of "problem" institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.
Poor loan performance in other sectors also continued to hurt banks, with the total number of loans at least three months past due climbing for the 16th consecutive quarter, FDIC officials said in a briefing on Thursday.
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More News On The World's Financial Crisis
Stocks climb a day after biggest drop in a year -- Yahoo News/AP
Financial Stocks Turn Higher After Senate Passes Reform Bill -- Wall Street Journal
After Senate passage, what's next for financial reform bill? -- Christian Science Monitor
Wall Street Firms Brace for Seismic Changes -- Wall Street Journal
Whatever Germany does, the euro as we know it is dead -- The Telegraph
Lawmakers in Germany Back Rescue for European Debt -- New York Times
Markets take fright at political moves -- Financial Times
US, Britain and Germany to discuss debt crisis -- Yahoo News/AP
'Perfect storm' as market tremors hit China, Europe and the US -- The Telegraph
Fed official: Europe's crisis poses risks to US -- Yahoo News/AP
My Comment: In case anyone is wondering why I did this particular financial post, if history is any indication financial crisis across borders tend to always preceded major wars.