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...commercial and institutional banking....
...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...
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...The sharp deterioration took place in the last year after delinquent commercial property debt for the six big banks nearly tripled to $9.3bn....
...This is an audio transcript of the Unhedged podcast episode: ‘Will commercial real estate hurt regional banks?’...
...Aldourie Castle Boasting high turrets, oriel windows and a round tower, Aldourie Castle on the banks of Loch Ness is one of the most beautiful Scottish castles....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...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....
...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....
...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....
...via commercial paper and bonds....
...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....
...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...
...Major global financial institutions, including commercial banks, central banks and financial market infrastructures, are already tokenising assets....
...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....
...“We do think we passed a high point in this cycle,” said Deutsche’s chief financial officer James von Moltke, referring to new loan provisions, adding that the crisis in US commercial real estate seemed...
...The group set aside £49mn to account for future losses in its commercial banking portfolio after non-performing commercial loans rose to 2.5 per cent of the total as of the end of the quarter, up from 2.3...
...The initiative’s backers include the German government, the World Bank and the non-profit World Resources Institute....
...assets that commercial banks need to have....
...Customer deposits rose 0.2 per cent to £420bn, fuelled by growth in the retail bank that offset a £1.2bn reduction in its commercial and institutional business....
...The US commercial property market, the largest in the world, has been sliding....
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