Commercial Property Losses Hammer Banks on Three Continents

How about that for signs of a coming (possibly global) recession besides two major military conflicts worldwide! Obviously, China's residential and commercial real estate is in trouble!

Then there is the high interest rates, the trend to work from home or anywhere other than an office, or the death of conventional shopping malls and so on ...

"Lenders in the U.S., Japan and Switzerland announced losses tied to troubled real-estate deals. The risks are particularly acute for small and regional lenders, which have much more of their loan portfolios in commercial real estate than big banks do. While changes in office habits that have hollowed out downtowns are nearly four years old and rates began rising two years ago, landlords have been cushioned by rent from tenants on long-term leases that have been gradually burning off. ..."

Commercial Property Losses Hammer Banks on Three Continents - WSJ Banks in the U.S., Japan and Switzerland announced losses tied to troubled real-estate lending