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US banks’ commercial real estate loan worries linger after latest tumble
NST writes:
“Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.
On Wednesday, First Foundation’s shares slumped after the Texas-based lender with a huge portfolio of multifamily real estate loans disclosed a $228 million “unexpected” capital raise at a steep discount.
Below is a list of U.S. banks with some of the largest ratio of CRE loans to Tier 1 capital plus allowance for loan losses, as of March 31, according to S&P Global Market Intelligence.”
Read more on the original article below:
nst.com.my
US banks' commercial real estate loan worries linger after latest tumble | New Straits Times
Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.
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