Philly Fed: Not so different here

From Reuters:
Mid-Atlantic banks face more loan losses-report
Big Mid-Atlantic banks face more losses from the real estate slump, according to a report on Monday from a regional Federal Reserve that suggests the worst has not passed for the beleaguered banking sector.
Prospects of an ever-growing stockpile of bad loans on homes, office buildings and shopping malls will likely force banks to seek additional capital and/or to put aside more money to cover further losses, the Philadelphia Federal Reserve said.
…
Original Source: njrereport.com

  25 March, 2008| housingblogs | @ 0:10

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