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Bank Failures & Commercial Real Estate Losses | Sunday Extra
Morning Wire
The Importance of Diversification in the US Banking System
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Mark A. Calabria: Banks like Silicon Valley Bank and first Republic have affected the overall stability of the US banking system. He says regulators are coming down real hard on commercial real estate lending, which is going to feed into a construction slowdown in that sector. "I think we're unfortunately going to see more consolidation there in the upper middle," he says.
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