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Loan Modification

: Loan Modification & Home Loan News

More trouble coming for commercial banks

By Moe Bedard

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On Tuesday, Citigroup posted a $7.6-billion loss for the last three months of 2009, the banking giant’s first unprofitable quarter since 2008. Similar bad news is expected today when Bank of America Inc., Wells Fargo & Co. and U.S. Bancorp report their earnings. Although these commercial banks may have substantial Wall Street operations, they rely heavily [...]

Full post as published by Loan Modification & Home Loan News on January 20, 2010 (boomark / email).

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