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Unbounded Optimism Of Business Generally Gone
The piece notes banks nationwide face growing loan defaults and big write offs. Citizens & Southern National Bank of Georgia wrote off 33 million and cut 1974 profits, with many banks reporting weaker earnings and larger loan losses amid a recession. Figures from Dunn & Bradstreet and FDIC forecasts show a banking sector under stress and policy shifts toward productive lending to curb risk.
MENTIONED IN THIS ARTICLE
New York
Citizens & Southern National Bank of Georgia
C&s
First National Bank of Atlanta
North Carolina National Bank
First National Bank In
Tennessee
Crocker National Bank
First Pennsylvania
Union Bank of Los Angeles
Girard Bank of Philadelphia
Federal Deposit Insur
Ance Corp
Penn Central
Fidel Castro
Cuba
Dunn & Bradstreet
Bank of América
First National City Bank of New York
Chemical Bank
Bankers Trust Co
Burns
U.S
Frederick J. Leary