Word: veribanc
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...deep slump could inflict heavy damage on overleveraged companies and troubled banks whose books are already filled with junk bonds and sour real estate loans. According to Veribanc, a Massachusetts-based firm that rates banks and S&Ls, bad loans at U.S. banks rose a sharp 7.5%, to $48.6 billion, in the first quarter of 1990. Overall, nearly 1,400 banks, or about 11% of the U.S. total, lost money in the first quarter. That represented an alarming jump of nearly 20% over the same period a year...
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