Ex-IMF official warns hundreds of US lenders face crisis over $900B in risky property loans
• Ex-IMF official warns US on brink of banking crisis due to Fed policy • Hundreds of lenders at risk of failure due to commercial real estate loan exposure • $900B in commercial property loans coming due this year may spark defaults • Regional banks highly exposed, with 18% of loans in commercial real estate • 385 small and medium-sized banks could fail if property loans default