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World News@lemmy.mlEnglish · 10 months 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

6

22

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

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

World News@lemmy.mlEnglish · 10 months ago

6

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
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10 months ago
The commercial real estate market is pretty screwed at the moment.

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