US DATA: FDIC’s 3Q bank report puts bank income at $35.3b, +49% YOY
(incls -2.6% QOQ loss provisions), and says there are 844 problem banks
vs 865 in Q2. Loan balances were up for a 2nd qtr (C&I and res mtgs
increased) and data show ongoing credit quality recovery. Econ outlook
is clouded by uncertainties and FDIC remains vigilant for new
challenges. See MNI Main wire.