Jamie Dimon warns souring commercial real estate loans could threaten some banks
Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts Monday.
“The off-sides in this case will probably be real estate. It’ll be certain locations, certain office properties, certain construction loans,” Dimon said.
“You’re already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan,” he added. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $JPMorgan (JPM.US)$ $First Republic Bank (FRCB.US)$
“The off-sides in this case will probably be real estate. It’ll be certain locations, certain office properties, certain construction loans,” Dimon said.
“You’re already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan,” he added. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $JPMorgan (JPM.US)$ $First Republic Bank (FRCB.US)$
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