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.
Sources
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: