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Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
Regional lenders' outsized commercial real estate exposure triggers regulators' alarm
(Bloomberg) -- River City Bank likes to boast that it’s a midsized firm that thinks big.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Core CPI Tops Forecasts Again, Likely Delaying Fed Rate CutsChinese Cement Maker Halted After 99% Crash in 15 MinutesBond Trader Places Record Futures Bet on Eve of Inflation DataApple’s India iPhone Output Hits $14 Billion in China ShiftThe Sacramento, California-based lender has doubled assets to about $5 billion in f
Capital One’s plan to buy Discover could form the largest credit card issuer in the country and the sixth-largest U.S. bank by asset size in late 2024 or early 2025.
These two digital banking giants would create one of the largest U.S. banks, but their accounts already have many overlapping features and might not change much.