Wednesday, September 16, 2009

More Trouble For Banks

Who will be next to join the Corus line of insolvency is anyone's guess, however, some names to consider can be found on the Troubled Bank List.

AmTrust Bank of Cleveland seems like a natural with more than $13 billion in assets unless industry has moved back to the city and the brain drain has finally been plugged. Lebron James is in the off season so business may be slow.

California National bank out of Los Angeles with a little over $7 billion in assets is also sinking faster than a politician's ratings these days. It will take plenty of reconstructive surgeons from the valley to keep them intact.

Let's not forget about the soviet Citi and Wells Fargo banks that are even scarier as the walking dead than zombies from a George Romero movie. Throw Bank of America and Chase in there, heck, throw just about every bank in this category.

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