Commerical real estate is the new Achilles heel for the U.S. banking sector, says Janet Yellen, the president of the San Francisco Federal Reserve Bank.
Similar Stories to The Fed: Commercial Real Estate Is Bank Danger Zone: Yellen on Bing News
MarketWatch.com - Top Stories, MarketWatch
Tue, 07/28/2009 - 11:16am
BING NEWS:
- Banks are raising money to brace for losses from commercial real estate
Banks across the nation added to credit reserves in the first half of the year in an effort to protect against further losses from commercial real estate and some consumer loans, Bloomberg reports. ...
11/15/2024 - 7:06 am | View Link - NY Fed says banks obscuring commercial real estate risks by extending loan terms
opens new tab released Wednesday by the Federal Reserve Bank of New York said. The commercial real estate sector, or CRE, has been under heavy pressure from the pandemic and its aftershocks.
10/23/2024 - 8:51 am | View Link - More
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