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...This was not just a higher proportion than any other single Japanese bank, but a large part of the entire banking sector’s exposure to US commercial property....
...The US commercial property market, the largest in the world, has been sliding....
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...The bank said its new forecast reflected additional allowances for loan losses amid rising risks of property-related loans turning sour....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
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