As many as 1,000 U.S. banks may fail in the next few years, almost double the one-year tally at the height of the savings-and-loan debacle, as losses climb on commercial real-estate loans, the RBC Capital Markets analyst said.
Most of the failures are likely to occur at smaller banks with less than $2 billion in assets as their commercial customers default, said Gerard Cassidy, an analyst at RBC, today. Somehow, I wonder if only small banks will fail. Is this because the big ones are "too big to fail"?
