🔒 Real estate turmoil: $1.2T loss sparks concerns for small banks
In a recent real estate revelation, property tycoon Barry Sternlicht warned of $1.2 trillion in real estate losses....
Source: biznews.com
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These Six Charts Explain How the CRE Debt Crisis Spread to Banks
(Bloomberg) -- Property mogul Barry Sternlicht last week said there’s $1.2 trillion of real estate losses in offices alone and “nobody knows exactly where it all is.” Investors are growing alarmed that smaller banks might be on the hook for much of the wipeout.Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndBiden’s Attempt to Address Memory Issue Backfires With New GaffeTop Nigerian Banker Killed in Helicopter Crash in CaliforniaBezos Sells $2 Billion of Am
Source: yahoo.com