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Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure

S&P Global Ratings downgraded its ratings outlook on five regional lenders late Tuesday to "negative" from "stable" on concerns that stress in the commercial real estate market will hurt their asset quality and performance.
Valley National Bancorp Mt Bank Corp First Commonwealth Financial Corp Federal Reserve Synovus Financial Corp York Community Bancorp Inc

US Regional Banks Challenged by Commercial Property, S&P Says

(Bloomberg) -- Some US regional lenders could see their asset quality and performance hurt by the stresses in commercial real-estate markets, said S&P Global Ratings on Tuesday as it lowered its outlook on five lenders to negative from stable. Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionVital Bal...
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Source: yahoo.com

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