Lawmakers look at helping out small banks
WASHINGTON — With regulators warning that rising losses on commercial real estate loans pose risks for U.S. banks, senators asked Wednesday for greater attention to be focused on vulnerable smaller banks.
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WASHINGTON — With regulators warning that rising losses on commercial real estate loans pose risks for U.S. banks, senators asked Wednesday for greater attention to be focused on vulnerable smaller banks.
The days of exuberant commercial real estate lending are over.
When John Allison joined Branch Banking and Trust, also known as BB&T, he said it was "a small country bank" with $275 million in assets.
Local bankers said they are resigned to the fact that they'll have to pay early hundreds of thousands of dollars in fees to replenish a federal fund that protects the deposits of millions of the nation's bank customers.