May 25, 2024

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Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US

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Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US
Billionaire Barry Sternlicht Foresees Banks Failing Every Week in USBarry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting: “You’re gonna see your regional bank fail … every week, maybe two a […]