US banks prepare for losses in rush for commercial property exit

Financial Times/Stephen Gandel, Joshua Chaffin and Eric Platt and Joshua Oliver/6-5-2023

photograph of Chicago's skyline“Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market.”

USAGOLD note: Something wicked this way comes…… And the banks see the signs.

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