Housing Woes Shake Bank In California
The financial crisis threatens to claim its first victims in the banking sector in the United States, such as the Confederation and the country’s authorities, a regulator rare directive Fremont General Corp. shore operations immediately.
While lenders California’s woes not a threat to the broader financial system, its distress marks the beginning of a new stage in the troubles began last summer. Regulators, “said Brea, California, business, the parent company of a once very active Subprime lender called Fremont Investment & Loan, we need new capital in the next 60 days or sell its banking subsidiary.
If this is not enough, Fremont, …
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