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REA
May 01, 2019  

Banks' Bad-Debt Total Shrinks to New Low

Large U.S. banks continued chipping away at the distressed loans on their books last year, reducing them to a mere 0.4% of their outstanding commercial mortgages.The 350 U.S. banks with the largest commercial real estate holdings had $7 billion of nonperforming debt in their portfolios at yearend, according to regulatory data compiled by Trepp Bank Navigator. That was down 4% from a year earlier.Meanwhile, the same banks cut their holdings of...


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