Commercial Real Estate
S&P Global downgrades outlooks on five regional US banks to ‘negative’
Business
(Reuters) – Ratings agency S&P Global on Tuesday downgraded five regional U.S. banks to due to their commercial real estate (CRE) exposures, ...
Kevin O’Leary Says ‘Thank Goodness the Adults Came to the Rescue’ Following Donald Trump’s Bond Reduction to $175 Million
Business
In an interview with Fox News reacting to the reduced bond facing Former President Donald Trump, Kevin O’Leary said, “Thank Goodness the ...
These Four Banks Could Be In Danger If Commercial Real Estate Continues To Falter
Business
In January, New York Community Bancorp (NYCB) announced severe losses on its commercial real estate loan reserves and consequently suffered a 70% ...
How Trump’s Ex-Treasury Chief Landed 2024’s Highest-Profile US Bank Deal
Business
(Bloomberg) — Three years after Steve Mnuchin finished his term as Donald Trump’s Treasury secretary and raised cash from overseas investors, the ...
Rate cuts likely at ‘some point’ this year: Fed’s Powell
Business
Federal Reserve Chair Jerome Powell told House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, and that ...
NYCB Ballooned Despite Real Estate Warnings in Years Before Fall
Business
(Bloomberg) — The mood was practically giddy when the heads of two regional banks hosted a town hall in the spring of ...
Investors are expecting rate cuts. But what happens to markets if they don’t come this year?
Business
Aaron Schwartz/Xinhua via Getty Images Rate-cute outlooks have been clouded by hot economic data so far this year. Some market pros have ...
Wall Street is worried banks aren’t worried enough about commercial real estate
Business
Regional banks have been setting aside more money to deal with future losses on commercial real estate. Some analysts now fear it ...
NY Community Bancorp Flashes a $560 Billion Real Estate Warning for Banks
Business
(Bloomberg) — The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York ...