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Oldwick, NJ -- Earnings reports analysis by global credit rating provider A.M. Best here show that while subprime-related writedowns were prevalent among all banks, losses among the large banks are much higher than among midsize and community banks which feature "more varied" results.
A.M. Best found that consumer mortgages are not the only reason affecting current credit risk issues - instead the biggest factor is "a broader base" of credit risk.
Data show the country's smaller banks "are directly or indirectly facing credit problems with consumer mortgages similar to the largest 200 banks." With the exception of some large states such as Texas, there appears to be "a pattern of distinct regional credit issues," emerging now into the marketplace. These credit patterns, however, according to the report, did not derive from factors ...