Hmmmm.... two regional banks in the USA have seen their share price decline on the news that they are both carrying substantial numbers of loans on their books that were gained via fraud... and so will unlikely to be paid back.
And before you say, 'Oh its just a couple of regional US banks", remind yourself how the sub-prime mortgage crisis started in exactly the same way & where that ended up (in 2008)!
Another leading indicator of a crisis about to hit?
h/t FT
