Articles About Financial Statements
- Author:
- James I. Clark III
- Posted:
- 06.15.2009
Local Banks Facing Significant CRE Losses
Toxic commercial real estate loans could create losses up to $100 billion for small and mid-size banks by the end of 2010 if the economy worsens. According to a Wall Street Journal report – which applied the same criteria used by the federal government in its stress tests of 19 big banks — these institutions […]