S&P Global downgraded its outlooks on five regional U.S. banks to “negative” from “stable” due to their commercial real estate (CRE) exposures, the ratings agency said on Tuesday. It downgraded First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National Bancorp. “The negative outlook revisions reflect the possibility that stress in CRE markets may Read The Rest at :
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