Commercial real estate
Commercial Real Estate

Commercial real estate will suffer a recession if banks don’t start lending again, warns property billionaire Ross Perot Jr.

The Commercial Real Estate sector is at risk of a recession, warned Ross Perot Jr. The real estate billionaire said banks needed to lend to the industry to avoid a sharp downturn. Some lenders have […]

Australia
Economy

Australia’s central bank warns of inflation risks, pain ahead for households

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe […]

JPMorgan
Commercial Real Estate

Commercial real estate poses risks to US banks – and lenders should brace for higher interest rates, JPMorgan CEO Jamie Dimon warns

The US banking sector is still recovering from the worst turmoil since the 2008 financial crisis, but its troubles may be far from over. JPMorgan & Chase CEO Jamie Dimon has warned that the next […]