Article Image
News Link • Economy - Economics USA

U.S. large-loan bank losses triple to $53 billion

• Reuters
U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions.

According to the Shared National Credit Program (SNC) 2009 Review, an annual inter-agency report released on Thursday, credit quality deteriorated to record levels with respect to large loans and loan commitments.


Join us on our Social Networks:


Share this page with your friends on your favorite social network: