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Despite an “overheated” market, Bank of America is ramping up its CRE exposure

Posted On: Dec 5, 2018   |   Posted By: The Real Deal New York

As New York's commercial real estate market continues to heat up, Bank of America is going headfirst into the market after holding off large investments. “We're actually, quite frankly, increasing our exposure right now in commercial real estate because we stayed out,” said Brian Moynihan, the company's chief executive, according to Bloomberg. He flagged the new direction at a Goldman Sachs conference in New York this week, which comes as the company seeks to introduce...

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