Wells Fargo expects its book of commercial real estate loans to shrink as the bank struggles with governance issues. CFO John Shrewsberry said during a conference Friday that he expects commercial real estate and industrial loans to fall from second-quarter levels, the Wall Street Journal reported. Shrewsberry pointed to the bank’s deliberate lending discipline and a competitive lending environment with an influx of alternative funding sources as reasons for the decline. But Wells Fargo is […]
source https://therealdeal.com/2018/09/17/wells-fargo-expects-cre-lending-to-decrease-while-bank-copes-with-fallout-from-scandals/
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