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A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation.
Silicon Valley Bank collapsed last year.

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  • A real estate boss expects at least 500 banks to fail or be taken over in the next two years.
  • Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would hit smaller lenders.
  •  Commercial real estate has been hit by declining asset prices, costlier borrowing, and tighter lending.

Hundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted.

Tags
finance, economy, economy, us-markets-and-economy, regional-banks, commercial-real-estate, us-dollar, federal-reserve, interest-rates
Source
A real estate CEO predicts hundreds of banks will fail or be taken over by 2026