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North American Banks with... a Little Trouble
At the height of the great recession, Bank of America (after absorbing Countrywide and Merrill Lynch) reached 4.5% of every dollar in loans as non-performing. If we take all North American banks with market caps above $300M and non-performing loans/total loans above 2%, we can see the banks with a hint of trouble... and one bank potentially in a lot of trouble.
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For the record, Europe has 27 banks over 5% non-performing loans/total loans... yeah... I have penned an article for MarketWatch which demonstrates the dire straits of the EU banking system.
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