Smaller Banks Begin to Pay Price For Their Boomtime Expansion »
Posted by: engineer 5 months, 1 week agoTwo years after its expansion push, Sovereign has quit making auto loans outside the Northeast because too many borrowers fell behind on their bills. Losses on the bank's loans ballooned. In January, to conserve cash as it wrote off more bad loans The bank is expected to announce a 40% drop in first-quarter earnings.
Read Full Story at online.wsj.com
Join the Discussion 
+ Add Comment
Comments So Far: 1
-
0%
engineer5 months, 1 week ago
smaller banks could fail at an alarming rate according to the article. FDIC is bracing for this and may not have enough reserves
Reply
Submitted By:
engineer
Hi My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
Also submitted:
- 5.2 - U.S. Heading for Slump, With or Without Bailout
- 6.7 - Dow down 778, worst point drop ever, after the House rejects the $700 billion bank bailout plan.
- 4.9 - German company claims puzzle is world's biggest
- 3.2 - Bailout Plan Is Only One Step on a Long Road
Related Articles:
Why not submit a story?
Also Propping This Article
Helixbuilder
engineer
not2needy
dan-and-jennifer
STONERS
Pupi
jovial
texangelwings- BJTJ
DiffeeOnline
Groups Watching This
No groups are watching this story. Why not share it with your group?
Add a Comment
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.