DataDigest: Office debt is stressing banks. That matters for mortgages.
Housing Wire
FEBRUARY 14, 2024
The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. 1, the company had lost 45% of its market value. Regional banks are once again in the grip of a concentration problem.
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