https://finance.yahoo.com/news/no-one-saw-coming-kevin-133000274.html

“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”

  • kozy138@lemm.ee
    link
    fedilink
    English
    arrow-up
    19
    ·
    1 year ago

    Office spaces are already getting converted into living spaces and other commodities. The banks will just be gobbled up by bigger banks, as is tradition…