Bad news for commercial banks: Loan losses could double to 3% by the end of 2010 from 1.5% in Q3...

|By:, SA News Editor

Bad news for commercial banks: Loan losses could double to 3% by the end of 2010 from 1.5% in Q3 2008, writes a Deutsche Bank analyst. Worst-case scenario, loan losses could surpass the 3.4% reached during the Great Depression.