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Small and Midsized Banks Could Exceed Losses of $200 Billion in 2010
More than 900 small and mid-sized banks could face an aggregate $200 billion in losses by the end of next year if economic conditions worsen, according a study conducted by The Wall Street Journal.
Using the same worst-case scenario the U.S. Federal Reserve employed in its recent stress test of the 19 largest U.S. banks, the Journal examined the health of 940 small and midsized banks that had total assets of $2.8 trillion as of Dec. 31, 2008. Because the study was based on data from 2008 filings with the Federal Reserve, it did not take into account any capital raised by…
20May2009 | Money Morning | 0 comments | Continued
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