Office buildings in southern California. A healthcare operator in the Northeast. A bankrupt oil and gas company in the Atlanta suburbs.
These were among the assets that became the source of lending problems for regional banks in the third quarter as corporate borrowers and commercial real estate began to show more signs of strain.
In recent weeks many mid-sized financial institutions across the country reported that nonperforming loans, a measure that tracks borrowers that are behind on their payments, rose during the third quarter. They also disclosed mounting costs from unpaid debts written off as losses...
RSK: Silence like a cancer grows....not hearing much about this but it is happening.
Share this article on you social outlets
- - Volume: 11 - WEEK: 46 Date: 11/7/2023 1:46:28 PM -