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BankUnited profits fall 73 percent

Posted at October 24th, 2007 3:10 pm by Eric Hochberger
Filed under: BankUnited, Banks, Mortgage Lender

BankUnited Financial announced its fourth-quarter profits dropped 73 percent citing a housing slump and non-performing loans being eight times higher than a year ago.

BankUnited is the largest banking institution headquartered out of Florida and saw profit drops worse than Citi and Bank of America.

Read more about BankUnited’s profit loss at the Miami Herald.

« Existing home sales drop further
Bank of America cuts 3000 jobs »

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