Items Tagged with 'Thrift Financial Report'

ARTICLES

  • Thrift Losses Narrow, Bad Assets Still a Drag

    In a day of mixed news for the thrift industry, the Office of Thrift Supervision (OTS) released a report showing losses at US thrifts narrowed significantly in Q109. But the regulator also reported the number of problem institutions climbed and the value of the industry's bad assets hit a record high. Thrifts reported a $47m loss in Q109, marking their best performance since September 2007, according to the OTS. During the quarter, 74% of savings and loan companies were profitable, up from 65% in Q408.
    Read More
  • Thrifts Lose $5.4 Billion in Q2: Report

    The thrift industry posted a $5.4 billion loss for the second quarter of 2008, as institutions set aside record reserves for loan losses during the continued housing market downturn, the Office of Thrift Supervision said on Wednesday.
    Read More