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[Nightdaytrader]

A big bank is in trouble, and no one knows which one or why

By Claire Williams
March 10, 2022, 9:00 p.m. EST

WASHINGTON — The Federal Deposit Insurance Corp. likely made a large addition to its problem bank list, experts say, as the agency reported a spike in troubled assets managed by firms in the fourth quarter.

The volume of assets held by banks on the FDIC’s problem bank list — a tally of banks that received poor ratings from regulators — jumped by about $120 billion in the fourth quarter, according to the agency’s fourth- quarter banking profile released last week. That’s more than triple the previous figure of assets under problem banks, and it’s the highest that asset number has been since the third quarter of 2013.

At the same time, the number of banks on that list declined by two, to 44.

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https://www.americanbanker.com/news/a-big-bank-is-in-trouble-and-no-one-knows-which-one-or-why