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...Shares of most regional banks have yet to fully recover from the collapse of Silicon Valley Bank and a handful of other regional institutions in an industry crisis last year....
...US regional banks are most exposed but lenders in Europe, particularly specialist German real estate banks, are also on the hook....
...This is an audio transcript of the Unhedged podcast episode: ‘Will commercial real estate hurt regional banks?’...
...Office blocks and shopping malls lie at the centre of the IMF’s worries over the health of lenders’ real estate portfolios, a senior fund official has said....
...Banks will have to cut their exposure to commercial real estate because of a $2tn “wall” of property debt coming due in the next three years, according to a leading US brokerage....
...of the 4,500 existing banks in the US were also vulnerable....
...“With the inflation backdrop turning a little less difficult of late, this has led to expectations that the Bank of England will be able to start lowering interest rates later in the year....
...European stocks and bonds fell on Tuesday, as traders await further direction on the outlook for interest rates ahead of the European Central Bank’s monetary policy meeting on Thursday.The region-wide Stoxx...
...The bank said much of the jump in loan losses was tied to credit cards and commercial real estate. The bank said it took losses on 16 different office loans in the quarter....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...He also has a $200mn stake in Axos, an online-only bank that is one of Trump’s largest direct lenders, making him the group’s biggest shareholder. The auto lender is used to doing risky business....
...European equities closed lower on Tuesday as investors weighed the outlook for interest rates amid a heavy week of commentary from central bank policymakers at Davos....
...Meanwhile, Germany’s real estate market faces a reckoning of its own....
...Until now, Beijing has pushed state-owned banks to offer cheap loans to a long list of struggling developers....
...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....
...estate market, regional banks and the broader economy....
...The average reserves at JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley have fallen from $1.60 to 90 cents for every dollar of commercial real estate debt on which...
...real estate projects to sit unfinished across the country....
...However, cheaper deals stalled last month as financial markets reassess expectations for Bank of England rate cuts this year....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...invasion of Ukraine and central banks lifting interest rates....
...provided many of the bank’s problems....
...“Now that borrowing from the bank isn’t ‘free’ and isn’t easy [to secure], real estate does not have the shine it had before,” explains Rob Fleischman, a technology entrepreneur and investor, who is chair...
...flower en masse throughout this 140-acre estate on the south Cornish coast....
...Stocks tied to real estate listings tumbled after the National Association of Realtors settled a lawsuit related to sales commissions, which are expected to drop....
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