Banks - The big banks are in serious trouble

Tuesday, February 09, 2010




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The big banks are in serious trouble

Friday, September 25, 2009
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From The Business Insider:

The latest Fed data shows that syndicated loan losses for major banks tripled in 2009 to $53 billion.

Furthermore, "Criticized Assets", ie. those assets which are rated as bad loans at risk of loss (Special mention, substandard, doubtful, or loss) rose 72% in a single year to a whopping $642 billion. The result is that 22.3% of the loans now held by institutions under federal supervision carry the Criticized designation (Shown in red below).

Clearly the bad loan situation remains extraordinary, with a mountain of bad debt in the system.

Read full article (with chart)...

More on banks:

Top Warren Buffett position could implode soon

Delusional investors demanding more leverage at banks

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Topics:		Banks \| Credit Crisis \| Cruxallaneous

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