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Tag Archives: capital markets co
Mortgage Mess Expected To Cost Big Banks At Least $120 Billion More
Banks have been staggered by their losses on mortgage lending over the past four years. The writedowns this year have been steeper than expected. Hardest hit is Bank of America. Why? Because they bought Countrywide, the subprime lender, and Bank … Continue reading
Posted in Banks, mortgage
Tagged bank of america corp, capital markets co, fbr capital markets, jpmorgan chase, stiff conditions, wells fargo co
Comments Off on Mortgage Mess Expected To Cost Big Banks At Least $120 Billion More