IMF: Commercial real estate "significant threat" to 12% of U.S. banks

10/1/2009 | NYTimes.com

The International Monetary Fund highlighted the danger the deteriorating U.S. commercial property market presents to banks in its most recent Global Financial Stability Report. The report said about 12% of the banks in the U.S. hold commercial real estate loans worth five times the amount of capital they have available. The IMF said the situation poses a "significant threat to their solvency."

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