Bank Leaders Say Real Estate Pain Is Still Confined to Office

1h ago Bank Leaders Say Real Estate Pain Is Still Confined to Office Bloomberg News, (Bloomberg) -- Commercial real estate risks remain manageable across most sectors, though office buildings will continue to plague lenders, according to executives at Wells Fargo & Co. and PNC Financial Services Group Inc. “Most of the portfolio is performing pretty well,” Wells Fargo Chief Financial Officer Mike Santomassimo said at a Morgan Stanley conference Tuesday, citing multifamily residences, data centers, logistics and industrial buildings, and …