Reported 23 days ago
German banks are significantly cutting their exposure to US office loans due to fears of commercial real estate losses, which have already led to a decline in bond and equity prices. Major institutions like Deutsche Bank are offloading loans linked to commercial real estate as they brace for potential additional losses projected by the European Central Bank. The drastic fall in office property values has prompted these banks to act strategically, despite some signs of a stabilizing market.
Source: YAHOO