Preferred Bank located in California continues to experience difficulties. Allan Edwards co-CEO at The Markets Are Open expects this trend to continue. Edwards said "they (Preferred Bank) had a weak NIM (Net Interest Margin) in Q2, in fact the company is barely profitable, even if you eliminate all loan losses."
Edwards said the California banks always face the risks of a major earthquake, which might wreak enough havoc on borrowers to in turn destroy the banks lending to them."
Edwards full report can be seen here
Click Here
No comments:
Post a Comment