Barry Sternlicht Warns of More Bank Failures: ‘Every Week, Maybe Two A Week’
Barry Sternlicht, CEO of Starwood Capital Group, warns that we’re potentially “going to see a regional bank fail every day, or not—every week, maybe two a week.” In a recent interview with CNBC, Sternlicht said that the rapid rise in interest rates has hit the real estate market hard, particularly the office sector, which could … Continue reading Barry Sternlicht Warns of More Bank Failures: ‘Every Week, Maybe Two A Week’
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