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Real Estate & Property Law

: Housing Wire

Analyst Speaks of Seven Deadly Banking Sins, Bank Shares Dive

By KELLY CURRAN

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Shares of major U.S. banks were sent diving Monday morning after an obviously influential bank analyst predicted loan losses this sector will likely exceed Great Depression-era levels, as he believes the industry has fallen to “seven deadly sins.” “The seven deadly sins of banking include greedy loan growth, gluttony of real estate, lust for high yields, [...]

Full post as published by Housing Wire on April 06, 2009 (boomark / email).

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