| 29.07.2009 - Commercial real estate new Achilles heel for banks: Yellen |
| From Market Watch: Commercial real estate is the new Achilles heel for the U.S. banking sector, said Janet Yellen, the president of the San Francisco Federal Reserve Bank on Tuesday. "The next area of significant vulnerability for the banking system, particularly for community and regional banks with real estate concentrations, is income-producing office, warehouse and retail commercial property," Yellen told a bankers conference in Idaho.........Full Article: Source |