BofA's CEO says commercial real estate will be 'slow burn'The banking industry is facing challenges with commercial real estate loansBank of America's CEO emphasizes the slow nature of working through commercial real estate issues
Clouds rising over banks? As interest rates stay high, FAU survey handicaps risks for lenders with big books of commercial loansThe construction loan for the Waldorf Astoria Hotel & Residences in Miami is $688 million, raising concerns about commercial real estate loan exposures and potential risks of failure for certain banks.