Bad loans, battered banks | Arkansas Blog

Thursday, June 19, 2008

Bad loans, battered banks

Posted By on Thu, Jun 19, 2008 at 6:03 AM

NY Times, in a roundup on the woes of regional banks due to the crisis in mortgage lending, mentions problems for an Alabama bank that reverberate among significant stockholders in Arkansas.

Banks based in the Southeast are hurting, too. The Regions Financial Corporation, the biggest bank in Alabama, has lost half its value. Standard & Poor’s predicted this week that Regions would cut its dividend to conserve its capital in the face of rising losses on real estate loans.


Sign up for the Daily Update email
Favorite

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

  • Municipal League targets FOI law changes

    The Arkansas Municipal League adopted four resolutions at its convention last week endorsing legislative changes in the state Freedom of Information Act. Some will not be well-received.
    • Jun 18, 2018
  • Monday's open line. Children in cages

    The open line and the daily news roundup, beginning with the caged concentration camps operated by the U.S. on our southern border.
    • Jun 18, 2018
  • Democrats choose new House leaders

    The House Democratic caucus has chosen Rep. Charles Blake of Little Rock as the new minority leader, succeeding Rep. David Whittaker of Fayetteville. Rep. LeAnne Burch of Monticello was chosen whip of the group.
    • Jun 18, 2018
  • More »

Readers also liked…

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation