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Economy

Will empty offices cause the next banking crisis? Commercial real estate 'debt bomb' of $929 billion comes due this year with HUNDREDS of banks facing insolvency runs if default rates on the loans spike

2024-02-18

[Daily Mail, where America gets its news]

Some $929 billion in commercial real estate loans will come due in 2024

About 14% of all CRE loans and 44% of office loans appear to be underwater

Recent study warns of widespread risk of bank failures if defaults spike to 10%

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