Jun 11, 11:25 AM

Pimco Warns of Impending US Regional Bank Failures Due to Troubled Real Estate Loans by Major Investment Management Firm

Pimco, a major investment management firm, is warning of an impending wave of distress in the US regional banking sector due to troubled commercial real estate loans. The firm anticipates more bank failures as a result of this situation.

#Pimco #US

Written with ChatGPT (GPT-3).

Sources

Bloomberg@business
2 years ago
Pimco's warning about bank failures because of troubled commercial property loans offered a reminder about the risk of higher interest rates https://t.co/25P7rnNsSL
Julie Chang@JulieChangRE
2 years ago
“Pacific Investment Management Co. expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books. “The real wave of distress is just starting” for lenders to everything from malls to offices, John… https://t.co/DH6ZlY1W3o
Win Smart, CFA@WinfieldSmart
2 years ago
JUST IN: More Regional Bank failures are coming warns PIMCO https://t.co/vpQVF6PLF8

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Pimco Warns of Impending US Regional Bank Failures Due to Troubled Real Estate Loans by Major Investment Management Firm

Sources

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