Wednesday, November 26, 2008
Posted
10:24 AM
by Gene
US banks will incur about $44 billion in write-downs and loss provisions in the fourth quarter, offsetting most of the money being pumped into banks from the Troubled Asset Relief Program, a well-known analyst said.
Capital injections from the government through TARP will not spur meaningful growth for the industry, Oppenheimer analyst Meredith Whitney said in a note titled, "Gobble Gobble." NUF SAID.
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