TITLE

Fla.'s BankUnited Changing Its Mix After $25.5M Loss

AUTHOR(S)
Gordon, Jennifer
PUB. DATE
January 2008
SOURCE
American Banker;1/28/2008, Vol. 173 Issue 18, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that BankUnited Financial Corp. of Coral Gables, Florida plans to cut expenses and switch its emphasis to commercial lending after declaring a $25.5 million loss in the fourth quarter of 2007. The losses stemmed from the company's mortgage loan portfolio in one of the regions of the U.S. most affected by the 2007 fall in housing prices.
ACCESSION #
28691039

 

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