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A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would result in a "slow-moving train wreck" for many smaller banks.

By: Business Insider

Apr 05 2024
9
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A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

Silicon Valley Bank collapsed last year.Justin Sullivan/Getty Images

A real estate boss expects at least 500 banks to fail or be taken over in the next two years.
Scott Rechler, CEO … [+2253 chars]

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Russia played a card that nearly doubled its energy revenues in February