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Regions, Keycorp Face Losses From Commercial Property Defaults

July 20th, 2009

Loan | ,

Analysts expect the three regional banks to report more than $400 million in combined second-quarter losses as more borrowers fell behind on loan payments. Zions, the biggest bank based in Utah, releases results after U.S. markets close today. Regions, the largest in Alabama, reports before trading tomorrow and KeyCorp, ranked second in Ohio, follows on July 22.
With more than $108 billion of U.S. commercial properties in distress, according to Real Capital Analytics Inc., banks are being forced to extend and modify loans to avoid taking losses. - - - - >



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Regions, Keycorp Face Losses From Commercial Property Defaults

July 20th, 2009

Loan | ,

Analysts expect the three regional banks to report more than $400 million in combined second-quarter losses as more borrowers fell behind on loan payments. Zions, the biggest bank based in Utah, releases results after U.S. markets close today. Regions, the largest in Alabama, reports before trading tomorrow and KeyCorp, ranked second in Ohio, follows on July 22.
With more than $108 billion of U.S. commercial properties in distress, according to Real Capital Analytics Inc., banks are being forced to extend and modify loans to avoid taking losses. - - - - >



Click here to continue reading "Regions, Keycorp Face Losses From Commercial Property Defaults"



Fed Stress Test Results May Show 10 U.s. Banks Need Capital

May 5th, 2009

Government | ,

Banks are formulating plans for filling their capital requirements, much of which would likely come from conversions of preferred shares, the people said. Many of the 19 lenders under review and the government are set to discuss publicly the examinations after markets close May 7, the people said.
Financial shares jumped the most in almost a month yesterday on optimism about the tests. The Treasury and regulators have presented different options for the banks to shore up their books without taking taxpayer money, including selling assets, seeking - - - - >



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