TITLE

Nightmare on Bank St.: Job Losses Rising

AUTHOR(S)
Davis, Paul
PUB. DATE
July 2009
SOURCE
American Banker;7/27/2009, Vol. 174 Issue 142, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the shared belief among banking executives and regulators that unemployment in the U.S. will peak around 10% as a result of the 2009 economic crisis. However, there are growing concerns that the rate could be higher, under uncertainty over how the government stimulus package will affect recovery. Thought is being given to how rising unemployment will impact loan portfolios.
ACCESSION #
43428869

 

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