FDIC: 117 troubled banks, highest level since 2003

WASHINGTON (AP) - The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued.Federal Deposit Insurance Corp. data released Tuesday show 117 banks and thrifts were considered to be in trouble [...] continue reading world news