Michael Panzner: regional banks in trouble

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Michael Panzner has a good post on his site about regional banks being the next front in the Credit Crisis. He mentions home equity lines (HELOCs) as a crucial piece there, referring to an article in the Financial Times. His blog entry mentions 10 banks, regional and national to scrutinise in particular: Huntington Bancshares, National City and SunTrust Bank, Countrywide Financial, Washington Mutual and First Horizon Financial, Citigroup, JPMorgan Chase, Bank of America and Wells Fargo.

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See sources and other reading below.

Sources
Timeless Phrases, Financial Armageddon, 10 Jun 2008
Crisis shifts to regional lenders, FT, 8 Jun 2008

for more on regional banks, click here to see other posts on my blog:

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