The latest Fed data shows that syndicated loan losses for major banks tripled in 2009 to $53 billion.
Furthermore, "Criticized Assets", ie. those assets which are rated as bad loans at risk of loss (Special mention, substandard, doubtful, or loss) rose 72% in a single year to a whopping $642 billion. The result is that 22.3% of the loans now held by institutions under federal supervision carry the Criticized designation (Shown in red below).
Clearly the bad loan situation remains extraordinary, with a mountain of bad debt in the system.
Furthermore, "Criticized Assets", ie. those assets which are rated as bad loans at risk of loss (Special mention, substandard, doubtful, or loss) rose 72% in a single year to a whopping $642 billion. The result is that 22.3% of the loans now held by institutions under federal supervision carry the Criticized designation (Shown in red below).
Clearly the bad loan situation remains extraordinary, with a mountain of bad debt in the system.
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