For almost a year, the Federal Reserve Bank along with the Treasury Department have been saying that the banking system is healthy and sound. A look at data suggests that all is not well.
Reuters reported on a list of 10 banks that according to Trepp have heavy commercial real estate loan concentration ratio, a measure of how much each bank's loan portfolio is concentrated in commercial and multifamily mortgages.
The list ranges from Independent Bank Corp. at the bottom with 302% to New York Community Bancorp's Flagstar Bank subsidiary at 477%. According to a GlobeSt.com review of Federal Reserve Bank data from September 30, 2023, 8 out of the 10 banks are among the top hundred largest in the U.S. These are not small and insignificant institutions.
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