In American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks that are in jeopardy of failing.The list is closely monitored, and if problems continue with a listed bank, the FDIC takes control of the bank; it may then sell the problem bank to a stronger one, or liquidate the bank and pay off the depositors.
The 2008 fourth quarter report issued by the FDIC on April 22, 2009 indicated that there were 252 financial institutions included on the problem bank list.
Read more about FDIC Problem Bank List: Getting On The List
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