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...exposures” in commercial real estate that “are challenged”....
...The USW petition will claim that Chinese shipbuilders have benefited from protectionist government policies, including preferential financing ranging from state-run bank loans to tax breaks....
...From a report the investment bank sent out yesterday, with Alphaville’s emphasis below: — The wide adoption of hybrid work caused a structural decline in office demand....
...However, they are also among the largest commercial real estate lenders in Germany, where Deutsche Bank leads, followed by state-owned Landesbanks LBBW and BayernLB....
...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...
...assets that commercial banks need to have....
...This is an audio transcript of the Unhedged podcast episode: ‘Will commercial real estate hurt regional banks?’...
...The sharp deterioration took place in the last year after delinquent commercial property debt for the six big banks nearly tripled to $9.3bn....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...The Eurotower was designed by architect Richard Heil and was initially occupied by the Bank für Gemeinwirtschaft, a commercial lender, before the European Monetary Institute — a precursor to the ECB — occupied...
...Regional US lender New York Community Bancorp revealed it had taken large losses on loans tied to commercial property recently, while Japan’s Aozora Bank and Deutsche Bank warned about the risks from their...
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...It’s been clear for nearly a year that regional banks’ fates could turn on their exposure to commercial real estate markets, and New York Community Bancorp just gave investors a very jarring reminder....
...Central Bank....
...The US commercial property market, the largest in the world, has been sliding....
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...Japan’s Aozora Bank blamed souring office loans in the US as it forecast its first full-year loss since 2009, in a sign of the rising stress in the American commercial property market....
...This discussion isn’t all that new; see the many pieces written (by us and Unhedged) about US regional banks and commercial real estate over the past year....
...“Yes, I do have a concern about commercial real estate,” she said in Congress this week....
...The bank had not been hit by any new defaults in the first two months of the new year, he said. The bank earmarked €350mn for loan loss provisions for 2024, compared with €441mn last year....
...Bank lending remains in historically good shape and even after the recent jump, just 1.5 per cent of commercial property loans were past due....
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...Then there is the commercial real estate dilemma. Most banks want to reduce their exposure to this $5.8tn market. A record amount of loans are maturing and need refinancing this year and next....
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