Losses from such loans rose at rates well into double digits in 2007, and even more suspect transactions could be working their way through the books as 2008 gets under way, a Tribune analysis reveals.
Nationally, banks could experience "significantly higher" loan losses and more failures because of housing problems, financial market upheaval and reduced consumer spending, the Federal Deposit Insurance Corp. said in a memo released Friday.
Monday, March 17, 2008
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