Michael Panzner: regional banks in trouble

Michael Panzner has a good post on his site about regional banks being the next front in the Credit Crisis. He mentions home equity lines (HELOCs) as a crucial piece there, referring to an article in the Financial Times. His blog entry mentions 10 banks, regional and national to scrutinise in particular: Huntington Bancshares, National City and SunTrust Bank, Countrywide Financial, Washington Mutual and First Horizon Financial, Citigroup, JPMorgan Chase, Bank of America and Wells Fargo.

See sources and other reading below.

Timeless Phrases, Financial Armageddon, 10 Jun 2008
Crisis shifts to regional lenders, FT, 8 Jun 2008

for more on regional banks, click here to see other posts on my blog:


Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.