US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report

Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report. The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times. The Times points to Goldman Sachs and Citigroup, […] source: https://dailyhodl.com/2024/06/29/us-banks-dumping-exposure-to-2500000000000-market-before-inevitable-losses-hammer-balance-sheets-report/