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Powell predicts commercial real estate woes will most afflict smaller banks

CFO Dive

The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

Banking 270
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US regulators flag commercial real estate as a leading risk in 2024

CFO Dive

“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

Marketing 287
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Wells Fargo CFO warns of commercial real estate weakness

CFO Dive

Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders. Wells Fargo CFO Michael P.

CFO 311
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Yellen says commercial real estate losses may leave banks ‘quite stressed’

CFO Dive

Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

Banking 293
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Wells Fargo CFO calls commercial real estate a ‘long movie’

CFO Dive

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

CFO 280
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MiB: Michael Levy, CEO of Crow Holdings on Commercial Real Estate

Barry Ritholtz

Michael Levy is CEO of Crow Holding , a 75-year old real estate investment and development firm. Previously, he worked in real estate finance and investment management at Morgan Stanley. The opportunity to focus on a variety of Real Estate related constituencies. Michael Levy’s favorite books.

Education 126
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Fed warns of stability risk from $24T commercial real estate market

CFO Dive

Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

Marketing 190