17 Mar
It is hard to see any company which can survive without getting problem in the process. The economic crisis is becoming worse since the first day in this year. The inauguration of United States president didn’t help to recover economy rapidly. Stock market is still decreased to the lower level. The latest problem comes to the Colonial Bank. From their statement we know that this group of banks is trying to increase the capital level. The bank which is located in Central Florida announced annual report to U.S. Securities and Exchange Commission to show how the latest condition inside the bank. From official statement we know that this bank was suffered $880 million loss last year, when it charged off bad loans in number $642 million. The loss report is becoming trend in this current period because nothing company could survive without decreased in earning. Even the biggest automobile company like Toyota also suffered the same loss like the others. How about you? Do you suffer the same problem?