next wave of the Great Unwind: bad loans.

Josef Ackerman, CEO of Deutsche Bank AG, says foresees the next wave of the Great Unwind: bad loans. From Bloomberg:

“This crisis has consisted of a series of earthquakes, with changing epicenters,” Ackermann said late yesterday at an event in Zurich. “Bad loans are the next wave. Banks that have fared relatively well so far will also be affected by this.”

FDIC Bank Failure Update

The pace has really picked up recently, with the FDIC seizing almost 5 banks per week in July.

Of course the number of banks isn't the only measure. Many banks today have more branches, and far more assets and deposits.

from http://www.calculatedriskblog.com/