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Manhattan Apartment Sales Fell 84 Pct In May

PYMNTS

Condominium sales in Manhattan plummeted by 84 percent in May as the COVID-19 pandemic and protests following the death of George Floyd at the hands of the police have chilled the real estate market. s Luxury Market Report. . It’s a question of when we can do business again.”. billion, according to the Olshan Realty Inc.’s

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit. We have seen the higher rates, and now bankers should brace for a credit shock. Lending is getting riskier. This quarter, it is 2.58%.

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Accounting About-Face

Independent Banker

Community bankers score big changes in final credit-loss standard. After nearly six years of active grassroots advocacy, community bankers achieved important changes to new accounting standards with the Financial Accounting Standards Board’s final update on credit losses. Connecticut headquarters. By James Kendrick.