Shares of New York Community Bancorp fell another 10.5 percent Wednesday after the bank’s credit rating got downgraded to “junk” and investors worried the regional lender could suffer the same fate Silicon Valley Bank did last year.
S&P Global Ratings is expecting that American banks will still perform well this year and build capital as they face a slowed economy and tighter regulatory landscape in 2024.
A recent academic paper published by the National Bureau of Economic Research suggests that nearly half of all mortgages secured by American commercial office properties are in trouble, raising questions about financial risks at some of the nation’s banks.
A new report by Yardi-owned commercial real estate data website Commercial Edge says that just under 45 percent of all commercial office debt in Connecticut is coming due by 2026.
Real estate markets in southwest Connecticut will be seeing considerable maturities in Class B office loans between 2023 and 2026, but still at lower rates than other metros around the country.
