Monday, Apr 06, 2009
Loan losses will exceed Great Depression levels
Cnn: Bank woes nowhere near over - analyst
The cyclical pressures of mortgages and an acceleration in cards, consumer credit, construction, commercial real estate and industrial will cause the loan losses-to-loans ratio to increase to 3.5% by the end of 2010 from the current 2%. The Great Depression's peak was 3.4%, according to the report.
Posted by mark @ 07:30 PM (273 views) Add Comment
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