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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

U.S. banks signal mounting concern over real estate lending

By cpowell
Created 2020-09-08 15:20

By Robert Armstrong
Financial Times, London
Monday, September 7, 2020

U.S. banks are increasingly worried about being repaid on loans secured against commercial property, as offices, malls, and hotels continue to stand empty.

The darkening outlook of banks is laid bare by disclosures on so-called criticised loans, which are flashing warning signals about a borrower’s ability to pay.

... Dispatch continues below ...


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Among the 10 banks with the largest increases, criticised loans rose by 62 percent in aggregate in the second quarter, but criticised commercial real estate loans rose by 144 percent, to $26 billion, according to an analysis by the Financial Times.

The banks with the largest total increases include JPMorgan Chase, Bank of America, and Wells Fargo, three of the four largest banks in the U.S. by assets. Criticised loans at those banks are now equivalent to 9, 13, and 25 percent of Tier 1 equity capital -- the core measure of a bank's financial strength -- respectively, according to S&P Market Intelligence. ...

... For the remainder of the report:

https://www.ft.com/content/0865e993-d454-40d0-af57-9a75c7016177 [2]

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Source URL:
http://www.gata.org/node/20471