Atrocious credit quality and a dwindling capital base are likely to result in BankAtlantic's demise.
People's will not be immune to industrywide deterioration in credit quality.With so much excess capital, People's could be tempted to overpay for an acquisition, or venture outside its geographic area of expertise.It will take time to fully integrate the seven banks now under the People's
A stabilization in home prices and new capital in the financial system could result in increased competition for jumbo loans as the economy improves.Competition is fierce for Hudson City's affluent customers.Hudson City's limited offerings may not appeal to customers seeking one-stop financial