FDIC may seize 'critically undercapitalized' Chicago-based lender
By Becky Yerak | Tribune reporter
August 2, 2009
"My guess is that the swirl of uncertainty and pending litigation make this a relatively unattractive property in Corus' portfolio from the standpoint of potential bidders, assuming it goes to auction," said Chicago small business lawyer, a Chicago lawyer representing the currently nine named plaintiffs. Any entity that assumes Corus' loan will need to make good on "broken promises made to buyers during the South Florida real estate boom."
Even Corus' deposits are not all that attractive.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment