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PIMCO expects more US regional bank failures: "The real wave of distress is just starting”

2024-12-30FOREXLIVEFOREXLIVE
ICYMI on the very high concentration of troubled commercial real estate loans on banks' books
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Bloomberg (gated) had this report that has seemed to slip by a little too quietly. Bloomberg interviewed Pimco’s head of global private commercial real estate team.

Pacific Investment Management Co (PIMCO) expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books:

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