Double-dip in US Housing prices Could Cost Banks an Extra $70-$80 billion in Losses
Standard & Poor’s says US banks could suffer an additional $70 to $80 billion or more in loan losses if US housing prices fall by 10% more than currently envisaged by the end of next year. Excerpts from What Could A Double-Dip In Housing Mean For The U.S. Banking Sector’s Earnings? Given homebuilding’s extended malaise, we [...]
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