NEW YORK CITY-Prominent commercial banks such as Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and Goldman Sachs Group Inc. are reviving their CMBS operations by looking beyond investment in US government bonds to generate returns.
An increase in demand for higher yield CMBS from bond investors has resulted in an increase in profits made by banks to between 0.04 percentage points and 0.05 percentage points on issuance. For the full story, go to Wall Street Journal.
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