Published 05/16/2024 12:00:00 a.m.

Big US banks sniff out loans from distressed smaller ones

Summary by Portfolio.hu

New York Community Bancorp is selling about $5 billion in mortgages to JP Morgan because of its commercial real estate loans earlier this year, and the $700 million real estate loan from Signature Bank, which went bankrupt last year, could be transferred to Morgan Stanley, according to Reuters.

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Big US banks sniff out loans from distressed smaller ones

New York Community Bancorp is selling about $5 billion in mortgages to JP Morgan because of its commercial real estate loans earlier this year, and the $700 million real estate loan from Signature Bank, which went bankrupt last year, could be transferred to Morgan Stanley, according to Reuters.

05/16/2024 12:00:00 a.m.

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