Certain American banks, it appears, didn't get a very important memo: Losses tend to rise, not fall, during a recession.The Wall Street Journal reports some large banks, contrary to what seems logical in an economic slowdown caused by massive amounts of bad debt, aren't raising loan-loss reserves as fast as their loans are souring.
read more | digg story
Subscribe to:
Post Comments (Atom)
1-6-2025
NordVPN denies breach claims, says attackers have "dummy data" Retired US general says US ‘needs Europe’ to ‘save it’ from itsel...
-
“In the Shitter”: Democratic Rep. Reads Out Entire List of Trump Crimes - Representative Jasmine Crockett used Republicans’ Biden impeachm... -
They're saying F-U to Congress, essentially read more | digg story
-
TERRIFYING 57% TAX LOOMS FOR BIGGEST EARNERS IN NYC Calif tax officials: Legal pot would rake in $1.4B... Obama Opposes House Plan That W...
No comments:
Post a Comment