Bank Worries: Recovery, Real Estate - Standard & Poor's Credit Analyst Scott Sprinzen at 2009 Reuters Global Finance Summit in New York
Standard & Poor's Credit Analyst Scott Sprinzen says the banking sector is "stabilizing" but the recovery could be short-lived if "the improving fundamentals we've seen this year slow...and we get a "W" shaped cycle"
Sprinzen, speaking ahead of the 2009 Reuters Global Finance Summit in New York and London, says there are also concerns about "commercial real estate" portfolios at smaller banks where losses may not peak until late 2010.
Ruben Ramirez reports.
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