Nine largest U.S. banks can handle their ‘problematic’ exposure to office real estate, S&P says

The largest U.S. banks face “problematic” exposure to office real estate, but they’re big enough to handle it, according to a recent analysis from S&P Global Ratings. That’s the conclusion from S&P after reviewing fourth-quarter updates from nine major U.S. banks: JPMorgan Chase & Co. JPM, +0.75%,Bank of America Corp. BAC, +2.33%,Bank of New York Mellon Corp. BK, ,Citigroup Inc. C, +0.97%,Goldman Sachs Group Inc. GS, +1.07%,Morgan Stanley MS, +4.12%,Wells Farg