"JPMorgan & Chase CEO Jamie Dimon has warned that the next jolt to the American banking system could come from commercial real-estate (CRE) loans.
Stress has been mounting for months in the commercial property industry, which is being buffeted by headwinds including high interest rates, tighter credit conditions, and work-from-home trends ( freelancing) causing office vacancies. That's fueling concerns about potential loan defaults by the more vulnerable borrowers in the sector."
SOURCE:
https://markets.businessinsider.com/news/stocks/jamie-dimon-commercial-real-estate-higher-interest-rates-2023-5
Comments