The Banks Are Collapsing and It's Getting Worse - Episode 1102
Episode 1102, Nov 07, 11:00 AM
Big trouble is ahead for many banks that have commercial real estate in their portfolios. Federal Reserve Chair Jerome Powell warning, “there will be bank failures” at the Senate Banking Committee in early March.
Due to declining values and defaulting loans in the commercial real estate space, smaller banks are feeling the pinch. Specifically, small and midsize banks could collapse in the coming months. On today's show, we're going to discuss this issue and what it means for you.
Due to declining values and defaulting loans in the commercial real estate space, smaller banks are feeling the pinch. Specifically, small and midsize banks could collapse in the coming months. On today's show, we're going to discuss this issue and what it means for you.