Moody's says banks have written down most of their bad loans

09/9/2010 | Google

Banks likely have written off about two-thirds of troubled loans they are expected to face through next year, according to Moody's Investors Service. "It is clear to us that bank asset-quality issues are past the peak," said Craig Emrick, senior vice president at Moody's. "However, charge offs and nonperformers remain near historic highs."

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