JP Morgan's CEO says Real Estate losses will further shake Small Banks
Jamie Dimon, the CEO of JP Morgan Chase, just said that commercial real estate losses may take a few banks down Here’s what you should know about the next banking crisis:
The big question is: How bad will delinquencies get? So far, not that bad. According to the Fed, the delinquency rate on commercial real estate loans was just 0.68% at the end of Q4 of 2022. That’s far below the peak of 8.92% in 2010. But...
The peak in delinquencies from the 2008 crisis was about 3 years after the crisis began. Meaning we can expect things to get worse before they get better
