Commercial News
5/15/2008 8:17:01 AM EST
National Banks Adjusting Weak Housing Market
NEW YORK – (AP) The sharp downturn in the housing market took banks by surprise, but they are beginning to recover, banking executives said Wednesday at an investor conference.
Washington Mutual Inc. President and Chief Operating Officer Stephen Rotella, speaking at the UBS 2008 Global Financial Services Conference, said the speed and severity of deterioration in the housing market … Full version (available to lexis.com subscribers)
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