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Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles Banks To Accrue Severe LossesE-mail - editor@economyincisis.org |
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Banks will continue to report bad news as analysts expect large chains to announce shrinking profits when second-quarter reports are due. Some banks are expected to lose somewhere between $2.6 billion and $2.8 billion in the second quarter alone, according to CNN Money. These figures stem from the housing crisis and shrinking economy. Source CNN Money:
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