Analysts: Regional banks may face more real estate loan losses

01/14/2009 | Bloomberg1

Huntington Bancshares, Synovus Financial and Comerica are a few of the regional banks expected to suffer a second round of losses related to real estate loans. Mike Mayo, an analyst for Deutsche Bank, said in a recent research note that losses related to commercial real estate, not including construction, will likely soar ten-fold. "We're overbuilt in a lot of areas like shopping malls. The fundamentals are on the verge of going really, really negative for commercial," said Bruce McCain, chief investment strategist at Key Private Bank.

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