Saturday, September 12, 2009

“A new round of pain”

Regulators Seize Corus Bank

Federal regulators seized Chicago-based Corus Bank on Friday, marking the first major bank to be undone by deteriorating construction and commercial real-estate loans during the current downturn. With total assets of $7 billion, Corus is the third-biggest bank to go bust this year.

Posted by devo @ 01:15 AM (714 views)
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