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Toxic Loans Topping 5% May Push 150 Banks to Point of No Return (Ari Levy/Bloomberg)

August 15th, 2009

Ari Levy / Bloomberg:

Toxic Loans Topping 5% May Push 150 Banks to Point of No Return — Aug. 14 (Bloomberg) — More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.