Mounting Commercial Real Estate Losses Threaten Banks, Recovery
Buried in the fine print of Signature Bank's third-quarter earnings was a hint of the financial storm that could be about to break over the U.S. economy. The Manhattan bank last month set aside nearly $53 million to cover potential loan losses largely due to the coronavirus pandemic's impact on the U.S. economy. If U.S. banks absorb big losses on their $2 trillion…
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