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A hawkish Federal Reserve is narrowing the window on trades that some U.S. regional banks have been hoping to use to reduce their commercial real estate exposure, investors, analysts and lawyers said. Banks, particularly small regional and community banks, have looked to trim their outsized exposure to CRE on rising default risks after a post-pandemic social behavior change led to an increase in office vacancies and sharp drop in property valuations. Since the bank collapses last March, some regional lenders have sold billions of dollars of loans to private investors to reduce risk and shore up liquidity. ....
The one-year rate was last lowered in August, while the five-year LPR had previously been reduced in June. Closely followed by markets, both rates are at historic lows. Tuesday s moves are aimed at encouraging commercial banks to grant more credit and at more advantageous rates. ....
There is no getting away from sustainability in today’s business world. Wherever you turn, you will see those three initials, ESG, looming ever larger, sometimes in the most surprising places. ....
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