U.S regulators encourage banks to modify troubled commercial real estate loans, which are seen as a looming danger spot for the banking industry.

Banks must accurately identify their potential losses when modifying troubled commercial real estate loans under federal guidelines issued Friday.

(10-30) 12:08 PDT WASHINGTON, (AP) -- Banks must accurately identify their potential losses when modifying troubled commercial real estate loans under federal guidelines issued Friday. Regulators have warned that rising losses on commercial... Sponsored Topics: Commercial property - Associated Press - Real estate - Business - United States

WASHINGTON — Banks must accurately identify their potential losses when modifying troubled com...

Shares of CIT Group tumble more than 15% as the possibility of bankruptcy looms larger for the troubled lender.