TITLE

Main Street versus Wall Street: A return to basics

AUTHOR(S)
Happel, Brian
PUB. DATE
November 2008
SOURCE
Fort Worth Business Press;11/17/2008, Vol. 20 Issue 45, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the problems facing the U.S. financial services industry amid the economic downturn. Lehman Brothers has field for bankruptcy protection after record losses in the mortgage market. Issues surrounding credit default swaps have sent stocks tumbling even further. Meanwhile, Main Street banks realized that providing practical products was what customers wanted to help solve their financial needs. They have taken steps to maintain strong reserve levels for potential problem loans.
ACCESSION #
35581530

 

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