Bad loans exceed loss reserves at the top US banks as Commercial Real Estate disaster spreads.

FT: Bad loans exceed loss reserves at the top US banks as Commercial Real Estate disaster spreads. In the past year, reserves again bad loans have gone from $1.60 on the dollar to just 90 cents. At Bank of America — the second biggest in the country — they’re just 60 cents. American banks hold $560 billion in commercial real estate loans. And they make up 1/3 of the assets at regional banks. Meaning yet more bank crashes — and yet more taxpayer bailouts.

FT: Bad loans exceed loss reserves at the top US banks as Commercial Real Estate disaster spreads.

In the past year, reserves again bad loans have gone from $1.60 on the dollar to just 90 cents. At Bank of America — the second biggest in the country — they’re just 60 cents.… pic.twitter.com/uNbtcL8J3V

— Peter St Onge, Ph.D. (@profstonge) February 22, 2024

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