https://www.foxbusiness.com/markets...ignals-more-bank-failures-to-come-expert-says HYPERLINK has full article SNIP Republic First Bank, a regional lender based out of Philadelphia, became the first bank failure of 2024 on Friday when it was shut down by Pennsylvania's bank regulator and the Federal Deposit Insurance Corp. (FDIC) seized control of the operation............ "The cause is twofold: higher-cost deposits exceeding the yield on low-yield treasury securities and similar investments held by banks, and the deteriorating commercial real estate market and commercial real estate loans," said Lynyak, who specializes in bank receiverships and failures. end snip We need to keep our eyes open for other bank failures as the commercial real estate market decays. To a lesser degree are the marine and recreational vehicle market which is also hurting
The Feds strike again. More consolidation. Looks like Biden et al are the champions of banking monopolies....
we should fear that. If we pay no attention, we'll be paying Citi, Chase and BofA for every transaction we make while earning .000000000001% interest But, the DC folks will get lots of contributions and their friends/family will get good paying jobs
@sec doesn't understand the teleworking revolution. As if Biden could, or would, reverse this societal trend.
Good lord you Democrat voters are one trick ponies. THis IS NOT about your beloved Democrat party. Read the article and the thread; if you care to be on topic
Both residential and commercial real estate are down markets at this time, but that's a cyclical thing. As the economy slowly improves, the Fed will lower interest rates and those markets will pick up. The only caveat to that is the slow reduction of brick and mortar retail businesses due to Amazon and other online/delivery services, which could continue to depress the commercial resl estate market.
Are you saying Republicans are doing good things? BTW, have you become another "I never liked Trump" undecided voter yet?
Not until companies and organizations go back to 5 day a week in office schedules will office space become valuable.
