Analysis: Fiscal woes of Florida, California may weigh on banks there

03/1/2010 | Wall Street Journal, The

Wells Fargo, Bank of America and other financial institutions are heavily skewed toward California and Florida. The states previously had rapidly expanding economies, but growth is stagnating due to housing market woes and fiscal issues. The troubles of California and Florida could weigh on the growth of the banks in those states; however, those states could rebound, this article notes.

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