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By Karey Wutkowski CHICAGO (Reuters) - U.S. bankers need to prepare for sweeping financial regulation changes that are gaining momentum in Congress, Comptroller of the Currency John Dugan said on Monday. ''I think the momentum for fundamental...
The Federal Reserve said its 12 district banks saw stabilization or modest improvements in many areas of the economy, led by housing and manufacturing, while all regions reported a weak or declining commercial real estate market.
Though Wall Street investors are showing some enthusiasm about the direction of the economy, shell-shocked business owners in Southern California are still more inclined to shrink than grow their companies. ΒΆ Problems at white-collar firms are...
Reporting a record 21.8 percent office vacancy rate in his latest survey, broker patriarch John Frisch likens the current commercial real estate market to the drought of the early 1980s. Lake Tahoe seemed to dry up completely, and scientists predicted...
Federal bank regulators are close to issuing guidelines that would encourage lenders to rework troubled commercial real-estate loans, a sector of the economy they expect to topple scores of additional financial institutions.