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U.S. bank chargeoff rate exceeds Depression: Moody’s (Reuters via Yahoo! News)

The rate of loan charge-offs by major U.S. banks has exceeded those seen in the early years of the Great Depression as the credit crisis continues to take a toll, Moody’s Investors Service said on Monday.

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U.S. bank chargeoff rate exceeds Depression: Moody’s (Reuters via Yahoo! News)

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