Mounting losses from banks in the US, Asia and Europe have rekindled concerns about weakness in the US commercial property market.
On Thursday, Deutsche Bank warned about the risks from its exposure to US real estate, following on the heels of Japan’s Aozora Bank and regional US lender New York Community Bancorp, which revealed it had taken large losses on loans tied to commercial property.
Deutsche Bank has lifted provisions for losses on loans linked to US commercial real estate to €123m, from just €26m a year before.
