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Banks face big losses and bonus backlash [CNN]

Thursday, January 14, 2010 - 7:00 AM
From CNN Money:
Many of the nation's largest financial firms are set to soon report their latest quarterly results -- and analysts think bonuses won't be the only thing that will be big.
Heavy losses are expected at Bank of America, Citigroup and Wells Fargo due to these banks repaying the bailout money. Also, loan demand continues to be low which is not a good sign for depositors since loan demand drives banks' demand for deposits.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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