(Reuters) - The announcement, which sent its shares down as much as 4.7 percent, is evidence that a contraction in home prices and weakening credit quality may be affecting banks' bottom lines.
Last week, the American Bankers Association, a trade group, said U.S. consumer delinquencies were at their highest level since the second quarter of 2001, when the economy was in recession.
Read more at Reuters.com Hot Stocks News
Last week, the American Bankers Association, a trade group, said U.S. consumer delinquencies were at their highest level since the second quarter of 2001, when the economy was in recession.
Read more at Reuters.com Hot Stocks News
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