The European Central Bank (ECB) will soon guide several German banks to increase their reserves to guard against potential defaults on commercial real estate (CRE) loans. This move is expected to negatively impact the profits of these banks. The ECB's directive aims to bolster financial stability amid concerns over the property market.
Bloomberg Economics and the great @AnnaEconomist say that last year’s job reports were overstated by roughly ~730,000… https://t.co/5KzyFrzSmP
ECB To Demand More CRE Loan Provisions From Some German Banks - @business https://t.co/Luj0DJhj8O
…heard this somewhere. https://t.co/QNuOEebukw
The European Central Bank will soon push several German lenders to build up higher reserves against property loan defaults, in a move that would cut into their profits https://t.co/FnaoZ2WyuL
The European Central Bank will soon push several German lenders to build up higher reserves against property loan defaults, in a move that would cut into their profits https://t.co/S2b4gyejjg
Bloomberg Economics is estimating that 2023 monthly nonfarm payrolls is overstating job gains by over 730,000, with “hiring maybe even falling below zero in October” #MacroEdge
"relax though, we'll cut rates for when u get foreclosed on" https://t.co/T8FEAuDDy9
ECB is to soon guide several German banks to increase reserves in order to protect against property loan defaults, move would be negative profits
*ECB TO DEMAND MORE CRE LOAN PROVISIONS FROM SOME GERMAN BANKS
ECB TO DEMAND MORE CRE LOAN PROVISIONS FROM SOME GERMAN BANKS.
*ECB TO DEMAND MORE CRE LOAN PROVISIONS FROM SOME GERMAN BANKS