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JPMorgan, Wells Fargo Bulk Up Reserves for Office Loan Losses

(Bloomberg) Major US banks are warning about the potential for further losses across their commercial real estate lending businesses.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudBiden Administration to Forgive $39 Billion in Student DebtJPMorgan Chase & Co. and Wells Fargo & Co. boosted allow ....

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JPMorgan, Wells Fargo bulk up reserves for office loan losses

Office lenders are bracing for potential losses as property owners grapple with higher borrowing costs and lower demand from tenants given the rise in remote work and layoffs. ....

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Former Wells Fargo Private Bank advisors launch RIA

Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back. ....

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