![]() ![]() Now a steep decline in property values and rising interest rates are making things even more challenging for borrowers as lots of debt comes due for repayment. Many began ramping up their bets on commercial real estate in the aftermath of the 2008 financial crisis, which was triggered by a housing bust, and stuck with it even after the pandemic emptied out many city-center properties. Regional banks are particularly vulnerable to commercial real estate weaknesses because they hold a lot more exposure to those properties than their larger rivals. "Having said that, it feels like the further along we go, the more of these could go from one-off issues to just broader deterioration in credit," said Siefers, adding that "we aren't quite there yet." 'There will be losses for sure' ![]()
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