WASHINGTON ( TheStreet) -- The Federal Deposit Insurance Corp.'s "problem list" of troubled banks and thrifts swelled to 702 at the end of 2009, almost triple that of a year earlier, while the pace of bank failures accelerated. Loan losses mounted, and lending languished.The FDIC said the banking industry broke even during the fourth quarter, with $914 million in net income compared with a loss of $37.8 billion a year earlier. Most of the improvement was concentrated among the largest banks. Of the four peer groups covered in the FDIC's report released Tuesday, only banks and thrifts with assets exceeding $10 billion had a positive return on assets for the quarter.
Banks Deteriorate as Loan Losses Mount
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