Sep
02

FDIC’s Bair Says Commercial Loans "Looming Problem"

By

– Reuters

The chairman of the Federal Deposit Insurance Corp said commercial real estate issues will increasingly drive U.S. bank failures.

FDIC head Sheila Bair told CNBC Tuesday evening that commercial real estate loans remain a “looming problem” for banks’ balance sheets and she expects the area to increasingly be a driver for bank failures during the remainder of this year and 2010.

So far, this year 84 U.S. banks have failed, compared to 25 last year and only three in 2008

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.reuters.com/article/gc06/idUSTRE5806QO20090901

Be Sociable, Share!
    Categories : National News

    Comments are closed.