Bankruptcy Law News
7/3/2008 8:43:19 AM EST
Small Banks' Reckoning Day Is Coming
(AP) Wall Street is bracing for regional and small banks to fess up to large losses from their mounting volume of soured construction loans made primarily to home builders.
According to the Federal Deposit Insurance Corp., $45.4 billion of the $631.8 billion in construction loans outstanding at the end of the first quarter were delinquent… Full version (available to lexis.com subscribers) Create an account or login to post comments.