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FDIC’s list of problem banks shrinks

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NEW YORK (CNNMoney) — The number of banks at risk of failing fell in the third quarter, marking the second straight quarterly decline, according to a government report issued Tuesday.

Banks deemed troubled by the Federal Deposit Insurance Corp. dropped by 21 to 844, the agency said in its quarterly survey of the nation’s banks. The FDIC’s so-called problem bank list is comprised of the institutions considered most likely to fail, though few actually reach that point.

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