Commercial real estate struggles have contributed to regional bank crisis
With many jobs going remote since the start of the COVID-19 pandemic, many office buildings remain empty. Many of those buildings were financed by loans from regional banks, and as their valuations have gone down, this has in turn contributed to the major Wall Street hit those bank stocks have taken. Carter Evans has more.
With many jobs going remote since the start of the COVID-19 pandemic, many office buildings remain empty. Many of those buildings were financed by loans from regional banks, and as their valuations have gone down, this has in turn contributed to the major Wall Street hit those bank stocks have taken. Carter Evans has more.
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