The Significant Real Estate Crisis Emerging Since 2008 is Starting to Impact Banks

Welcome to The Brink. Luca Casiraghi in Milan and Libby Cherry in London provide insight into banks facing challenges due to declining valuations of commercial properties. In addition, there are updates on Office Properties, KKR REIT, Austrian businessman Cevdet Caner, and US carrier Spirit. Subscribe by following this link. Share feedback and tips via email at debtnews@bloomberg.net or direct message on X to @lcasiraghi. The downfall of Credit Suisse in March 2023 appeared to be the lowest point of a sudden banking crisis that began a few weeks earlier with the collapse of Silicon Valley Bank and Signature Bank in the US. However, what initially seemed like a temporary setback contained by authorities on both sides of the Atlantic is now increasingly becoming the beginning of a much more extended story.

Author: OpenAI