Influential Bank Analyst Sees More Loan Losses Ahead
April 06, 2009 at 15:00 PM EDT
Shares of major U.S. banks fell Monday and pressured all the major averages after influential analyst, Mike Mayo, currently at Calyon Securities [CLSA] and formerly with Deutsche Bank, cautioned that loan losses in the sector are likely to grow more severe than they did during the Great Depression, and that the government may be forced [...]