Corus Bank’s $800-Million Loss Ravages South Florida Construction | WBEZ
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Eight Forty-Eight

Corus Bank's $800-Million Loss Ravages South Florida Construction

The Chicago-based condominium lender Corus Bankshares, Inc. lent money to more than a dozen South Florida condo projects before the real estate bubble burst. With condos sitting and not selling, developers can't repay their construction loans. After reporting a loss of nearly $800 million, Corus faces a possible FDIC take-over. Eight Forty-Eight's business contributor David Greising tells us what's in store for the customers and the bank's assets.

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