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Tied more closely to the health of the local economies than the large banks, some regional banks have reported second-quarter results that show strained loan portfolios as the commercial sector continues to sag in the recession.
"Never waste a crisis" is a phrase often bandied around to rationalize swift reform, but many experts at Wharton are disturbed by what they view as the potentially reckless pace of the Obama administration's regulatory changes. Others debate whether enough is being done.
Foreclosures are on the rise at JPMorgan Chase, Citigroup, and Wells Fargo, after moratoriums observed while President Obama addressed the crisis.
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