Fed’s Duke warns community banks are under threat
Elizabeth Duke, a governor of the Federal Reserve Board, spoke on Wednesday about some challenges in the commercial real estate market facing community banks.
At the 53rd Annual Western Independent Bankers Conference in Scottsdale, Arizona, Duke discussed the growing problems in commercial real estate markets, a large segment for community banks.
Commercial real estate loans make up more than 30% of community bank assets and have deteriorated recently as fundamentals in property markets have
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