Monday, April 6, 2009

Loan losses will exceed Great Depression levels

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 (594 views)
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