Wells Fargo reportedly expects to see losses from real estate loans. CEO Charlie Scharf said Wednesday (May 31) at an event that there are significant risks in the office sector, Bloomberg reported Wednesday. “We look city by city, we look property by property to look at our exposures, and I...
Standards on commercial real estate loans and credit card borrowing were tightened by U.S. banks during the first three months of the year, with banks aiming to prevent losses from loans exposed to Asian and European economies. Reuters, citing the U.S. Federal Reserve’s quarterly survey of senior...
Sears Holdings revealed in a Securities and Exchange Commission (SEC) filing that it has been given two extra years to repay lenders, including Eddie, Lampert, its CEO and hedge fund owner. According to CNBC, the department store chain revealed in the filing that it has...
May 17, 2024
Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family real estate loans with a current aggregate unpaid principal balance […]
May 31, 2023
Wells Fargo reportedly expects to see losses from real estate loans. CEO Charlie Scharf said Wednesday (May 31) at an event that there are significant risks in the office sector, Bloomberg reported Wednesday. “We look...
May 07, 2019
Standards on commercial real estate loans and credit card borrowing were tightened by U.S. banks during the first three months of the year, with banks aiming to prevent losses from...
June 06, 2018
Sears Holdings revealed in a Securities and Exchange Commission (SEC) filing that it has been given two extra years to repay lenders, including Eddie, Lampert, its CEO and hedge fund...
