Despite Push to Shrink Exposure, Banks Face Growing CRE Risk, Moody’s Warns
Prolonged high interest rates may drive credit risk at banks with high commercial real estate exposures, according to a new survey by Moody’s.
Citing CRE Risk, Moody’s Downgrades M&T, Webster Bank Credit
Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
Wells Fargo Loses Steam in Commercial Lending as Rivals Pounce
Wells Fargo & Co.’s two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.
Moody’s To Pay $12M To MA AG Over Role In Financial Crisis
Moody’s Corp., Moody’s Investors Service and Moody’s Analytics will pay $12 million to Massachusetts to settle charges that they acted deceptively and did not use accurate or appropriate standards when rating securities tied to subprime mortgages, Attorney General Maura Healey’s office said on Tuesday.
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