Banks Face Risk of Crisis as $359B in Deposits Pulled and Commercial Real Estate Loans Sour
• $359 billion yanked from American banks in one year • Ex-IMF official warns of "all too likely" new US banking crisis in 2024 • Regional banks vulnerable due to 18% of loans in troubled commercial real estate • Banks lost $359 billion in deposits from Dec 2022 to Dec 2023 • Survey shows banks still at risk of deposit outflows and losses on commercial real estate loans