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Lenders are taking increasing provisions on debt extended to property owners and developers as loans begin to sour after rising interest rates eroded building values. ....
New York Community Bancorp faced its third credit-rating cut on Thursday as defaults worries from exposure to the beleaguered U.S. commercial real estate (CRE) took its toll on lenders in Europe and Asia. ....
US Commercial Real Estate Contagion Is Now Moving to Europe bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.