Published 2 months ago

Powell: ‘There will be bank failures’ caused by commercial real estate losses

Federal Reserve chairman Jerome Powell warns of potential bank failures due to exposure to the crisis in commercial real estate.
Smaller and medium-sized banks are most at risk, as they have a high concentration of commercial real estate, a result of working practices changing during the COVID-19 pandemic.
The Federal Reserve is in dialogue with banks that are identified as high-risk to address the issue.

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The Hill

Powell: ‘There will be bank failures’ caused by commercial real estate losses

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell said the banks that are in trouble with falling office space and retail assets are not the big…

2 months ago·Washington, United States

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Benzinga

'There Will Be More Failures,' Powell Says In Warning For Regional Banks Over Commercial Real Estate Loans - Truist Finl (NYSE:TFC), SPDR S&P Regional Banking ETF (ARCA:KRE)

“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 had identified the banks most at risk. “It’s not a first-order issue for any of the very large banks. It's more smaller and medium-sized banks that have these iss…

2 months ago·New York, United States

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大纪元 www.epochtimes.com

Powell: Commercial real estate depreciation will lead to the collapse of small to medium banks

US Federal Reserve Chairman Jerome Powell (Jerome Powell) said on Thursday (3/7) that he expects some banks to go out of business due to their risk exposure in the commercial real estate sector. After many companies switched to remote offices, the value of commercial real estate has dropped dramatically.

2 months ago

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The Epoch Times

Fed’s Powell Shrugs Off Commercial Real Estate Woes as NYCB Stock Slumps

Commercial real estate challenges are a “manageable problem,” although they could take “several years” to be resolved, Federal Reserve Chair Jerome Powell told lawmakers as financial markets monitor another potential bank failure. Speaking before the House Financial Services Committee on March 6 to deliver his semi-annual monetary policy report, Mr. Powell reiterated his position that stresses in the commercial real estate market won’t lead to a…

2 months ago·New York, United States

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Live Mint

Powell Says US Banking System Can Withstand Commercial Real Estate Threats

Federal Reserve Chair Jerome Powell joined a chorus of US officials who have argued that mounting bad commercial real estate loans will likely cause some bank failures, but don’t pose a risk to the overall system.

2 months ago·New Delhi, India

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Fortune

Jerome Powell seems ready to hand a victory to big banks, saying ‘broad and material’ changes are coming to key regulation

Large banks aggressively opposed the changes known as the “Basel III endgame,” arguing they would limit lending ability and exceed what is necessary.

2 months ago·New York, United States

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Powell: ‘There will be bank failures’ caused by commercial real estate losses

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Powell: ‘There will be bank failures’ caused by commercial real estate losses

Powell: ‘There will be bank failures’ caused by commercial real estate losses

'There Will Be More Failures,' Powell Says In Warning For Regional Banks Over Commercial Real Estate Loans - Truist Finl (NYSE:TFC), SPDR S&P Regional Banking ETF (ARCA:KRE)

'There Will Be More Failures,' Powell Says In Warning For Regional Banks Over Commercial Real Estate Loans - Truist Finl (NYSE:TFC), SPDR S&P Regional Banking ETF (ARCA:KRE)

Powell: Commercial real estate depreciation will lead to the collapse of small to medium banks

Powell: Commercial real estate depreciation will lead to the collapse of small to medium banks

Fed’s Powell Shrugs Off Commercial Real Estate Woes as NYCB Stock Slumps

Fed’s Powell Shrugs Off Commercial Real Estate Woes as NYCB Stock Slumps

Powell Says US Banking System Can Withstand Commercial Real Estate Threats

Powell Says US Banking System Can Withstand Commercial Real Estate Threats

Jerome Powell seems ready to hand a victory to big banks, saying ‘broad and material’ changes are coming to key regulation

Jerome Powell seems ready to hand a victory to big banks, saying ‘broad and material’ changes are coming to key regulation

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