Banks need to prepare now if they want to survive the coming economic slowdown, industry experts warned last week.

Between now and 2001, one-third of community banks will lose more than 30% of their earnings to loan losses, predicted Edward A. Krie, director of asset/liability strategies at James Baker & Assoc. in Oklahoma City.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.