Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
It shouldn’t “create risks to the stability of the financial system,” which is soothing to know.
But these “valuations” are crucial to REITs and property mutual funds.
Commercial trucks and vans too, including at Volkswagen’s Traton, one of the largest truck makers in the world, acquirer of Navistar.
The massive and once-again extended Pandemic-era furlough programs serve their purpose, but…
Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.
Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.
With impeccable timing.
What does it mean when Wall Street mega-landlords that bought the impaired assets after the last crash are trying to unload during the worst economic crisis on record?