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- Reserves held by big banks as a buffer against loan losses dipped below the amount of delinquent commercial real estate debt, per the FT.
- Late payments on commercial mortgages have jumped in the past year.
- Commercial real estate loans at least 30 days delinquent soared to $9.3 billion among the top banks last year.
The volume of commercial mortgages at least 30 days late on payment soared past total reserves held by the largest US banks last year.