US 'problem' banks at 16-year high
The US banking regulator, the FDIC, has placed 702 institutions on its “problem list”. Lenders have written off 2.6% of their real estate loans to date – the highest level since records began.
The US banking regulator, the FDIC, has placed 702 institutions on its “problem list”. Lenders have written off 2.6% of their real estate loans to date – the highest level since records began.
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