The Financial Industry Is Fighting Its Way Back

From Bauer Financial:

Newly released bank and credit union star-ratings from BauerFinancial, Inc., the nation’s bank rating firm, indicate the banking industry is fighting its way back. The percent of banks recommended by the firm (i.e. rated 5-Stars or 4-Stars) is approaching 69.5%, a number we have not seen since the fourth quarter of 2007.   

On the other end of the spectrum, eight banks failed during the fourth quarter of 2012 while 43 improved enough to be removed from Bauer’s Troubled and Problematic Report the old-fashioned way—hard work. Excluding the three banks that have failed so far this year, T&P Banks now stand at 663, a number not seen in over four years (Q3’08).

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There is good news on the credit union front too.