Aug 23 (Reuters) - Rochdale securities' Richard Bove, in a report:
* projects 150-200 more U.S. banks will fail in current cycle
* expects FDIC to extract another special assessment from banks in Q4 2009, Q2 2010
* says banks may face $11 billion normal assessments and $11 billion special assessments in 2010; together, this would aggregate to 25 percent of industry's pre-tax income
(New York Equities Desk; tel: +1 646 223 6000) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* projects 150-200 more U.S. banks will fail in current cycle
* expects FDIC to extract another special assessment from banks in Q4 2009, Q2 2010
* says banks may face $11 billion normal assessments and $11 billion special assessments in 2010; together, this would aggregate to 25 percent of industry's pre-tax income
(New York Equities Desk; tel: +1 646 223 6000) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.