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'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
“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
JUST IN: More Regional Bank failures are coming warns PIMCO https://t.co/vpQVF6PLF8
⚠️WELLS FARGO CFO SAYS MOST OF THE COMMERCIAL REAL ESTATE PORTFOLIO IS PERFORMING VERY WELL **WELLS FARGO CFO SAYS INSTITUTIONAL OFFICE LOAN PORTFOLIO SEEING SOME STRESS **WELLS FARGO CFO SAYS DELINQUENCY IN MULTIFAMILY LOAN PORTFOLIO IS ALMOST NIL **WELLS FARGO CFO SAYS…
Pimco Warns of More US Regional Bank Failures on Property Pain - BBG https://t.co/EA5ZVCsAji
“The real wave of distress is just starting.” - Pimco https://t.co/Miwn7lHq1k
⚠️JUST IN: REGIONAL BANKS📉 • PIMCO Warns of Looming Wave of US Regional Bank Failures Due to Troubled Commercial Real Estate Loans •PIMCO has been snapping up CRE loans offloaded by some large US banks for the past 18 months. “The real wave of distress is just starting” https://t.co/mNktpUme4h
Pimco Warns of More Regional Bank Failures on Commercial Property Pain @business #CMBS https://t.co/epdNpH3vPh
JUST IN 🚨: More Regional Bank failures are coming warns PIMCO https://t.co/AYTMXLddwq
Pimco expects more property pain in the US. “The real wave of distress is just starting” https://t.co/o7Gi6pE5SX
PIMCO: “The real wave of distress is just starting.” (via @business) $KRE #CRE https://t.co/CFU1wpSXOp https://t.co/ubbEDUn8u9
Bloomberg: Pimco Warns of More US Regional Bank Failures on Property Pain Is CRE going to spread like wild fire to the rest of the market
Pimco expects more US regional bank failures as the "real wave of distress is just starting" https://t.co/4j8lEtlr9Z