UK Mortgages rates and deals

April 18, 2009

General Growth brings more bad news for banks

Filed under: Bridging Finance — Phill Taylor @ 5:11 pm

NEW YORK (Reuters) - The suddenly red-hot financial sector shrugged off the bankruptcy of No. 2 U.S. mall owner General Growth Properties , but the commercial real estate downturn it signals could haunt U.S. banks — especially regional ones — in the months to come.

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