Posted 3/5/2024, 10:25:44 PM
IMF: US Banks Face Risks from Rates, Real Estate; Regulators Should Have Acted Sooner on Silicon Valley Bank
- IMF warns US banks still vulnerable due to high interest rates and falling commercial real estate prices
- Points to banks with high concentration of commercial real estate loans as especially at risk
- Says Silicon Valley Bank collapse shows how small group of weak banks can spur broader crisis
- Blames banks' management for not preparing for interest rate hikes and inflation
- Says regulators should have identified issues at Silicon Valley Bank sooner based on previous warnings
