Banks Raise Capital to Brace for Further Commercial Property Losses, Fed Says

 

US banks added to credit reserves in the first half of 2024 to protect against further losses from commercial real estate and some consumer loans, the Federal Reserve said in its twice-yearly supervision and regulation report Friday.

The delinquency rate for CRE loans has increased to its highest level in a decade, the Fed noted, jumping to 11% at the large banks in the second quarter of 2024.

https://www.bloomberg.com/news/articles/2024-11-15/banks-raise-capital-to-brace-for-continued-cre-losses-fed-says