(Bloomberg) — Any hopes that falling borrowing costs would stem the pain from the US office downturn were swept away this week. Deutsche Bank AG set aside more money for souring US commercial real estate loans, while a Blackstone Inc. mortgage trust slashed its dividend. New York Community Bancorp’s shares then plunged the most since
The stock of Dallas regional bank First Foundation (FFWM) plummeted following a $228 million investor infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over. First Foundation said the investment from private equity giant Fortress and other firms announced Tuesday would help it reduce its concentration of multifamily
By Niket Nishant and Manya Saini (Reuters) -New York Community Bancorp’s shares rose about 6% before the bell on Wednesday after the lender agreed to sell a portfolio of about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal on Tuesday with the largest U.S. bank by assets will bolster NYCB’s liquidity as