☆ Yσɠƚԋσʂ ☆@lemmy.ml to

World News@lemmy.mlEnglish · 10 months ago

Japan’s Aozora bank loses 33% of its value in two-day stock meltdown. Bank reported massive exposure to US commercial real estate.

www.bloomberg.com

6

26

Japan’s Aozora bank loses 33% of its value in two-day stock meltdown. Bank reported massive exposure to US commercial real estate.

www.bloomberg.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

World News@lemmy.mlEnglish · 10 months ago

6

Japan’s Aozora Loses 33% of its Value in Two-Day Stock Meltdown

www.bloomberg.com

Japanese lender Aozora Bank Ltd. plunged for a second straight day after saying it would have its first loss in 15 years because of bad loans tied to US property.

Chat

Zeppo@sh.itjust.works
link
fedilink
English
arrow-up
10·
10 months ago
The commercial real estate market is pretty screwed at the moment.

World News@lemmy.ml

worldnews@lemmy.ml

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

866 users / day
2.67K users / week
5.7K users / month
15.5K users / 6 months
2 local subscribers
32.3K subscribers
11.5K Posts
126K Comments
Modlog