Chicago-based Corus Bankshares Inc. disclosed Tuesday in a filing with the Securities and Exchange Commission that it expects its auditor to issue an expression of "substantial doubt" about the company's ability to continue as a going concern when Corus issues fourth-quarter results.

The bank holding company said it expects to post a net loss of $317 million, or $5.90 a share, for the quarter ended Dec. 31, compared with profit of $1.9 million, or 3 cents a share, for the same period in 2007. The company blamed "the severe economic downturn and the corresponding deterioration" in its loan portfolio for the weaker performance.

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