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Billionaire Barry Sternlicht predicts weekly bank closures - Business Insider
Barry Sternlicht said real estate's primary lenders — regional and community banks — could soon be bearing the brunt of high interest rates.
By: Business Insider
- May 10 2024
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Billionaire Barry Sternlicht offered an ominous prediction about America's regional banks amid a coming commercial real estate reckoning.
The Starwood Capital Group CEO told CNBC on Tuesday that he … [+1955 chars]