Commercial Real Estate Crisis

Shares in New York Community Bancorp (NYSE:NYCB) continued to fall heavily on Monday after a brief pick-up last week following the announcement of a $1 billion capital raise. On Wednesday last week, it was announced that Steven Mnuchin, former Treasury Secretary, along with a number of other...

“There will be more bank failures.” This was the stark message from Federal Reserve chairman Jerome Powell on Thursday, addressing the exposure of regional banks to the crisis in the commercial real estate sector. Powell was speaking before the Senate Banking Committee and said the Fed...

The commercial real estate sector’s current quandary has precipitated a significant drop in regional bank stocks, stirring investors’ memories of the notorious Silicon Valley Bank downfall. What Happened: The KBW Nasdaq Regional Bank Index experienced its most severe drop since March,...