The number of banks with financial, operational or managerial weaknesses increased during the first three months of this year, according to the Federal Deposit Insurance Corp.
The FDIC said on Wednesday that the number of lenders on its confidential “Problem Bank List” increased by four to 43 between January and March. The total assets held by those lenders rose to $58 billion from $10.5 billion in the previous period, the regulator said in its Quarterly Banking Profile.
Read More : FDIC Identifies Growing Number of Banks with Weaknesses in First Quarter