Hsbc Tower News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- JPMorgan Chase & Co. is looking to sell a loan backed by Manhattan’s HSBC Tower as banks face heightened pressure from regulators to reduce exposure to office real estate. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtWall Street’s Reversal Curbs Bond Trader Euphoria: Markets WrapDeSantis Says No Thanks to $377 Million in US Energy Fu

The deal fell through because the buyer could not secure financing, the Manhattan tower's Israeli owner said in regulatory filings.

Innovo reached a deal last year to buy the 30-story tower at 452 Fifth Ave. for $855M.