April 13, 2024
U.S. banks mull office-space loan exposure at Citi event and prepare for a slow boil

U.S. banks mull office-space loan exposure at Citi event and prepare for a slow boil

Big U.S. banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said Monday in a summary of a recent industry event hosted by the bank.

Citigroup Inc.’s C 2023 Beyond the Basics conference highlighted office space as “the primary pain point” in commercial real estate as bankers gathered from Goldman Sachs Group Inc. GS, Bank of America Corp. BAC, PNC Financial Services Group Inc. PNC, Charles Schwab Corp. SCHW, Wells…

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