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 Comptroller Sees Bank Failures Coming

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Comptroller Sees Bank Failures Coming Vide
PostSubject: Comptroller Sees Bank Failures Coming   Comptroller Sees Bank Failures Coming Icon_minitimeThu Apr 24, 2008 7:15 am
US bank failures could rise above “historical norms” as a weakening economy puts pressure on badly underwritten loans, particularly in commercial real estate, according to a bank regulator.

In an interview with the Financial Times, John Dugan, who oversees about 1,700 national banks as comptroller of the currency, said the growing problems for lenders follow a period of almost four years in which no institution regulated by his agency had failed.

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