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IPFS News Link • Economy - Economics USA

US banks likely to fail as bad loans soar

5-29-2008 • Financial Times

US banks set aside a record $37.1bn to cover losses on real estate loans and other credits during the first quarter in a sign of the growing economic pain being caused by the global credit crisis, regulators said on Thursday.

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Reported By Powell Gammill

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US banks likely to fail as bad loans soar

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