20% of Bank’s Office CMBS Loans in Danger of Default

March 8, 2023

Article by:  Jack Rogers

M&T Banks says it is conducting “stress tests” on the debt-service ratio of CMBS loans that make up its $5B office portfolio, disclosing that 20% of its office loans are criticized—banking jargon for in distress, potentially in default.

Read the full article:  http://bit.ly/3L6Jts7