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One in eight lenders may fail, RBC says (Reuters)

February 11th, 2009 · Permalink

A trader works on the floor of the New York Stock Exchange, February 2, 2009. (Brendan McDermid/Reuters)Reuters - More than 1,000 U.S. banks, or one in eight lenders, may fail in the next three to five years as commercial loan losses rise, compounding problems from record mortgage delinquencies and soaring home equity loan defaults, RBC Capital Markets said on Monday.




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