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Commercial - Banking Exchange
It is selling almost a billion dollars of its multifamily commercial real estate loans to Bank of America
Industry has reason for optimism with previously owned homes rising by 1.3% in July
Impact of CRE exposure on community banks has overshadowed the risk to larger banks
Bank mortgage applications rose by 3% last week for new mortgages
Bank has acquired $16.6 billion in loans from the FDIC nearly seven months after Signature’s collapse
90% of businesses worldwide are small and medium enterprises, or SMEs
Wells Fargo dropped to about 18,000 loans in progress, a dramatic change from one year ago
A quartet of credit unions have teamed up to target commercial and infrastructure projects
Trading revenue declined by $1.3 billion, down 15.5% on the previous quarter
The digital engine for a business bank that leads with a personal relationship focus requires a different mindset
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