US Property Losses Trigger 20% Plunge in Japanese Bank Aozora
(Bloomberg) -- Japan’s Aozora Bank Ltd. became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concerns about global banks’ exposure to souring real estate bets.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneS&P 500 Has Its Worst Fed-Decision Day Since March: Markets WrapHo
Source: yahoo.com
