Ailing Corus issues capitalization warning in filing

Corus Bankshares said it expects to fall to critically undercapitalized status & therefore could be placed into conservatorship or receivership. The Chicago-based condo lender said it reported negative equity capital as of June 30 & said it's highly unlikely it'll be able to raise capital without assistance from the FDIC, it said in a SEC filing, which details its worsening financial shape. But the bank, which reported a $487M loss in the 2nd-Q, said it's still looking for outside capital & is trying to comply with restrictions placed on its operations this year. Corus also continues to consult with regulators about proposals to line up outside capital and/or liquidate the bank's assets. It said it reported a preliminary net loss for the quarter ended June 30 of $487.3M, or $9.07 a diluted share, compared to a net loss of $16.2M, or 30