Wells CEO: Things are bad in CRE lending

By: Mark Calvey | Phoenix Business Journal

Wells Fargo is preparing for darker days ahead as it works with commercial real estate borrowers trying to refinance loans amid higher interest rates and plunging property values.

“There’s no question that our credit results are still significantly better than we would expect through the cycle, so we’d expect them to deteriorate from here,” CEO Charlie Scharf said Wednesday at the annual Bernstein Strategic Decisions conference.

Read the full subscription story from the Phoenix Business Journal:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930