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Current Bankers Fear Unemployment

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Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
Followers: 77

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Current Bankers Fear Unemployment [#permalink] New post 28 Jan 2009, 07:20
Despite all the pain in the financial sector, bank executives' biggest fear has yet to materialize. Now, it is rearing its ugly head.

Bankers' worst nightmare is the unemployment rate climbing toward 10%, a level at which credit losses could balloon unpredictably because of high defaults among people with previously strong credit histories.

http://online.wsj.com/article/SB123293202890614265.html
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Current Bankers Fear Unemployment   [#permalink] 28 Jan 2009, 07:20
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Current Bankers Fear Unemployment

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