TARP Panel Says Small Banks Are Facing Property Loan Woes

In the 183-page report, the panel said it is "deeply concerned" loan losses could jeopardize the stability of many banks. Since January 2008, 181 banks and savings institutions have been seized by regulators, including 16 so far this year. According to the oversight panel, as of 2003, bank...

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Bibliographic Details
Published inDaily Bankruptcy Review
Main Authors Carrick Mollenkamp, Tamman, Maurice
Format Trade Publication Article
LanguageEnglish
Published New York Dow Jones & Company Inc 11.02.2010
Subjects
Bailouts
Banking industry
Commercial real estate
Congressional investigations
Loans
Size of enterprise
Small business
TARP funds
United States > US
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Summary:In the 183-page report, the panel said it is "deeply concerned" loan losses could jeopardize the stability of many banks. Since January 2008, 181 banks and savings institutions have been seized by regulators, including 16 so far this year. According to the oversight panel, as of 2003, banks with $100 million to $1 billion in assets had commercial real-estate portfolios equal to 156% of their total risk-based capital.