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World News@lemmy.mlEnglish · 1 year ago

Japan’s Aozora bank loses 33% of its value in two-day stock meltdown. Bank reported massive exposure to US commercial real estate.

www.bloomberg.com

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Japan’s Aozora bank loses 33% of its value in two-day stock meltdown. Bank reported massive exposure to US commercial real estate.

www.bloomberg.com

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World News@lemmy.mlEnglish · 1 year ago

5

Japan’s Aozora Loses 33% of its Value in Two-Day Stock Meltdown

www.bloomberg.com

Japanese lender Aozora Bank Ltd. plunged for a second straight day after saying it would have its first loss in 15 years because of bad loans tied to US property.

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Zeppo@sh.itjust.works
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1 year ago
The commercial real estate market is pretty screwed at the moment.

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