5min chapter

Plain English with Derek Thompson cover image

How American Cities Can Avoid the ‘Urban Doom Loop’

Plain English with Derek Thompson

CHAPTER

The Impact of Remote Work on Banks

Adam Newman: Remote work itself is a threat to banks because of its impact on offices. He says when Silicon Valley Bank went down, there was an FT article that kind of hinted that maybe it went down because it let people work remotely. Newman: And unfortunately, I think this is a near reversible shift in the nature of real estate too.

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