Banks concerned about potential U.S. CRE meltdown:

01/12/2009 | Financial Week

The commercial real estate market's increasing weakness could lead to a growing tide of defaults on commercial-mortgage-related investments held by major banks. According to Standard & Poor's, Citigroup, Barclays and Merrill Lynch, which was acquired by Bank of America, each hold about $20 billion in CRE investments.

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