‘A Horrible Situation’: Kevin O’Leary Predicts Commercial Real Estate Crisis
“Shark Tank” star Kevin O’Leary predicted that a commercial real estate crisis caused by high interest rates on “worthless” properties would hammer regional banks. S&P Global downgraded Associated Banc-Corp., Comerica Inc., KeyCorp, UMB Financial Corp. and Valley National Bancorp in August, while also giving two other banks a negative rating. O’Leary noted that past interest
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