Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Several major Chinese banks, including BOCOM, ICBC, and Ag Bank, are experiencing a surge in bad loans, particularly in residential mortgages and property sectors. China's real estate crisis is intensifying, with delays in earnings reports, record profit declines, and liquidity distress affecting prominent property firms like China Vanke. The commercial real estate meltdown is spreading into the banking sector, prompting concerns about potential defaults that could impact hundreds of U.S. banks.
THE MELTDOWN OF COMMERCIAL REAL ESTATE (ZeroHedge) In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of U.S. banks. Leaving taxpayers on the hook for trillions in losses. To set the mood, a new… https://t.co/p8amKZOcH8
“Country Garden and Vanke were both hailed as likely survivors just a year ago. Country Garden roiled markets when it defaulted on its dollar debt in October and Vanke is fighting to stave off default through negotiation with insurers on debt.” https://t.co/sCFn6v4cQm
The Meltdown Of Commercial Real Estate #CMBS https://t.co/ibUJpe2ZHH
