Tag:
Commerical Real Estate
Latest Headlines
Latest Headlines
Wells Fargo hits expectations for third quarter
There was plenty of good news in the third quarter earnings report from Wells Fargo ( NYSE:WFC ).
For one thing, the bank reported earnings of 72 cents per share, which was right in line with expectations. That was a record high. The bank also reported that credit quality improved, as net lo
Private equity eyes real estate as near-term future
It's no secret that private equity firms are looking to diversify beyond leveraged buyouts. This push is taking place even though the deal environment isn't nearly as bad it was few years ago. The strategic view seems to be that the industry needs long-term alternative revenue streams, as the Go
Hedge funds power real estate revival in Manhattan
The turbulence in the hedge fund industry led to similar turbulence in the Manhattan real estate market back in 2008. But as the hedge fund industry recovers, are we in for a resurgence in the high-end commercial real estate market? It seems so.
Industry data shows there were "91 office leasi
Commercial real estate leads to more private equity clawbacks
How bad is the commercial real estate market right now? Well, after a Godsend of a run prior to the financial crisis, reality has set in. For Blackstone, the travails have led to clawbacks.
"Some of its managers returned $3 million in carried interest to investors in Blackstone Real Estate Par
First quarter bank earnings may be disappointing
Bank stocks have been on an amazing run, as bullishness about even large, ailing banks like Citigroup ( NYSE: C ) and Bank of America ( NYSE: BAC ) seemed to lift the group. But the top banks will release their first quarter earnings, and that just might present an opportunity to sell on the n
Commercial real estate woes continue
"By the end of the year, about half of all commercial real estate loans are gonna be underwater, and they are concentrated in the midsize banks." So says Elizabeth Warren, head of Congressional oversight for TARP. She says nearly 3,000 banks now have "these dangerous concentrations of commercial r
Pain to intensify at small banks
Are we about to see the pace of small bank failures intensify? The FDIC ( FDIC news) has more than 700 banks on its 'problem' list, up from 552 at the end of the third quarter. Of course 26 banks have already failed this year. Some think we may get to 300 by year's end.
Bloomberg report
Pain ahead for small banks
It's been a mixed bag for small banks recently. Overall, they seem to be a healthier group than their large bank peers. As Breakingviews points out, they have more capital, make more on their assets and have fewer problem loans than big banks.
But the majority of the failed banks this year
Update: Regional banks still tanking
We've been talking for a while now about the plight of small and regional banks, who are saddled with lots of commercial real estate loans. To put some numbers to the conventional wisdom: Lending for offices, malls, hotels and similar properties averages more than a third of loans at 35 of the big
What to make of deferred tax assets
People have been speculating about whether Citigroup will be forced to write down its deferred tax assets soon. But the issue is really an industry-wide one that has now drawn the attention of regulators.
Publicly traded banks have more than $130 billion of deferred tax assets on their books,
