Regional banks sharing the misery

Most of the recent headlines have focused on the global banks--the likes of Bear Stearns and Lehman Brothers. But regional and near-regional banks are suffering as well. The mortgage situations at these banks are not healing themselves and the rumor-mill is active. Wachovia, of course, has been a huge loser. But Fortune notes that Mr. Market is also worried about the likes of KeyCorp, which cut its dividend, National City, which has inked some sort of agreement with regulators, and Fifth Third. There may well be some outright failures over the next 12 months. You can bet the regulators are all over this.

For more:
- here's the Fortune article

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