Tuesday, May 19, 2009
US small banks to get clobbered by commercial property defaults
The Business Insider: 600 Banks Fail Stress Test
The Wall Street Journal has run its own version of the the Fed's stress test on 900 small and midsize institutions, and it claims they'll see losses of about $200 billion by the end of next year...The biggest culprit? You guessed it, commercial real estate, which could contribute about $100 billion in losses.
Posted by mountain goat @ 01:47 PM (303 views) Add Comment
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