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...via commercial paper and bonds....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
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...The sharp deterioration took place in the last year after delinquent commercial property debt for the six big banks nearly tripled to $9.3bn....
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...The Venice Biennale, ostensibly a non-commercial extravaganza, can swiftly raise an artist’s prices as well as their reputation, so it is no stranger to the commercial sector....
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...Bank of China, the most internationally exposed bank among its peers, now operates a sprawling network of 534 branches, covering a third of countries globally, according to its latest annual report....
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...However banks are displaying forbearance too: Goldman Sachs estimates that $270bn of commercial mortgages which were supposed to mature in 2023 have been extended into 2024....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...Those gains are now feeding through to French lenders as they make new loans, though BNP’s personal and commercial banking revenues in France were held back by inflation hedges that are expected to disappear...
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