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« The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2 from 66 in July. | Main | Dow Soars Over 100 Points After July Home Sales Numbers »

Toxic Loans Topping 5% May Push 150 Banks to Point of No Return

More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

» Bloomberg [ Contribute: submit link / submit article ]

Posted at 10:22 AM | Permalink

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