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Real Estate & Property Law

: Housing Wire

Bank Failures Could Reach 1,000: RBC Analyst

By KELLY CURRAN

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In 2008, RBC Capital Markets’ analyst Gerard Cassidy forecast 200 to 300 bank failures, and we thought that was devastating — until now. Cassidy said Monday the economic environment has further deteriorated and more than 1,000 banks may go under during the next three to five years, as loan losses rise. ?There are billions of dollars [...]

Full post as published by Housing Wire on February 10, 2009 (boomark / email).

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