« BIS on Totemic Inflation Fascination, etc. | Main | Making the Deflationary Case »
Latest Stories
- Sneak Peek at Weekend Reading
- Beware the Leopard: The Credit Crisis's Long Arrival
- Bailout Text Summary
- Tentative Deal Reached on Bailout
- Quote du Jour: Rodents and Bailouts
June 30, 2008
Small Banks Looking Smaller
Admittedly I wouldn't want to be running a small U.S. bank right now, but you have to be in awe at downbound stats like these:
...more than half of those institutions with assets worth between $1bn and $10bn have commercial real estate loan portfolios that exceed 300 per cent of their capital, according to recent FDIC data.
Similarly, almost 30 per cent of US community banks have construction and development loans exceeding 100 per cent of capital.
[Emphasis mine]
In short, a lot of smallish U.S. banks are utterly screwed.
[via FT]
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
