FDIC List Slows, More Banks Go Bust

The number of banks on the Federal Deposit Insurance Corporation's list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter.

North Highlands loan modification center cuts 924 jobs

NORTH HIGHLANDS - The employee parking lot at HomEq Servicing in North Highlands emptied out Wednesday as 924 employees learned they would be losing their jobs.

Zacks Analyst Blog Highlights: JPMorgan Chase, SunTrust Banks, PNC Financial Services Group, BB&T and Regions Financial

Zacks Analyst Blog Highlights: JPMorgan Chase, SunTrust Banks, PNC Financial Services Group, BB&T and Regions Financial

Bank profits surge but the outlook is uncertain

The industry earned $21.6 billion in the second quarter, compared with a loss of $4.4 billion a year earlier. Still, one analyst predicts 'a couple more years of consolidation and cleanup.' The economic recovery has been paying off on the bottom line for the country's banks, but the forecast for the industry remains cloudy.

Gold & Investment in Failure

Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion.