"Corus Bankshares, which has warned it could be placed into receivership, has now been given until Friday to submit a capital restoration plan to federal regulators.
The Chicago-based bank holding company (NASDAQ: CORS) disclosed the May 1 order in its first quarter report, filed on Monday with the Securities and Exchange Commission, in which it said it lost $285 million.
The news should come as no surprise, given that Corus Bank also disclosed in the report that just one of its condo development loans in South Florida is not at risk of foreclosure. More...
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