Commercial real estate crisis is catching up with banks in the U.S., Europe and Asia. The first signals appeared at the end of January in the United States.
New York Community Bancorp (NYCB) announced a loss of $185 million after having set aside more than $552 million to cover possible real estate credit losses. NYCB was not obliged to shed light on its record. But the takeover of Signature Bank, following that of Flagstar in 2022, increased its assets to over $100 billion.