Monday, September 15, 2008

Wilbur Ross: Possibly A Thousand Banks Will Fail

In an exclusive interview with, Wilbur Ross, chairman and CEO of WL Ross & Co., said he sees possibly as many as a thousand bank closures in the coming months.

"I do think a lot of the regional ones will (close), just as they did in the last savings and loan crisis in the 1990s," Ross said.

-EPJ Newsdesk

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