REPORT: Real Estate Downturn Could Destroy More Than 300 Banks

An analysis released in early June suggested that more than 300 banks could be at risk if the current commercial real estate downturn continues. Some 300 banks have so many loans on their books dedicated to commercial real estate that if the economy crashes in the worst-case scenario, all of their Tier 1 capital could […]

Floods from snowmelt destroy Navajo Nation homes

Thaw Floods Destroy Navajo Homes In Chinle, Arizona, in northeastern Arizona, many residents were left homeless as meltwater from rainfall flooded the area. Chinle, Arizona – Many residents of Chinle, Arizona, were left homeless last week as rain and meltwater flooded their communities. Part of the Navajo tribe, the Chinle were suffering from drought when […]