Summary
Eight banks and savings institutions in the Pittsburgh region are in "weak" shape and susceptible to the struggling economy, a financial-ratings firm's analysis shows.
The ailing eight range in size from a pair of the largest banks to several of the smallest, according to TheStreet.com Ratings in Jupiter, Fla.See the full content of this document
Extract
Eight Local Banks, S&Ls Given Low Grades
Weak earnings or outright losses, and the lack of a capital cushion to weather a long recession, led to the bad grades.
"We're not predicting that any particular bank is going to fail," said Philip Van Doorn, senior banking analyst at TheStreet.com. "It's just a very conservative rating system...See the full content of this document
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