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More CRE developments today and last week this time with a focus on Europe. New reports indicate losses are coming soon and data from the ECB shows why there are so many concerns. We also have the latest bank lending figures which show more troubling signs under the cover of 'extend and pretend.' Eurodollar University's Money & Macro Analysis ECB Commercial real estate and financial stability – new insights from the euro area credit register https://www.ecb.europa.eu/press/financial-stability-publications/macroprudential-bulletin/html/ecb.mpbu202210_4~0aa7d44e15.en.html Reuters Explainer: European banks and their $1.5 trillion commercial property headache https://www.reuters.com/business/finance/european-banks-their-15-trillion-commercial-property-headache-2024-02-15/ S&P Global Investors expect surge in bad commercial real estate loans at European banks https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/investors-expect-surge-in-bad-commercial-real-estate-loans-at-european-banks-81618608 FitchRatings Global Contagion Risk Growing from Rising CRE Losses, Led by Office https://www.fitchratings.com/research/non-bank-financial-institutions/global-contagion-risk-growing-from-rising-cre-losses-led-by-office-02-04-2024 https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |