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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 24, 2010
Page
13
The FDIC says 702 banks were on its confidential problem list last quarter, the most since the early 1990s. Banks earned $914 million in Q4, yet nearly one in three banks posted a loss. Regional lenders face rising commercial real estate defaults and further failures may hit the FDIC fund.
New York Comptroller DiNapoli reported Wall Street bonuses totaled over 20 billion dollars in 2009, up 17 percent from 2008. He noted average bonuses around 124 850 dollars and warned reforms tying bonuses to long term profitability are needed to stabilize markets.
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