Approximately $103B worth of CMBS loans are set to mature during the second half of 2023, and another $126B is due to mature in 2024, setting the stage for a tumultuous 18 months in the debt market.
New data from Trepp shows the total CMBS debt due in the next 18 months is $232B, while an additional $51.5B of collateralized loan obligations and $27B of agency debt is also due by the end of next year, bringing the total maturing CRE debt for the next 18 months to $310.5B.
The majority of the loans coming due could be in a precarious position — 10-year deals signed in 2013…
Hiring slowed last month, a sign that the Federal Reserve’s inflation-fighting campaign is taking hold. But with rising wages and low unemployment, the labor market remains resilient.
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
Beijing’s export restrictions on two minerals this week show it is willing to use its dominance to rock Western supply chains.
Democrats say the cheap, short-term plans siphon off healthy customers needed to make health exchanges work.
Two former top regulators argue that litigation by the SEC is only part of the crypto-regulation solution.
Federal Reserve rate increases haven’t cooled the job market or inflation as much as investors thought they would.
The primary drug used to treat the sexually transmitted infection could be scarce into next year, Pfizer warns.
Regulators are sending job letters to former employees as they look to beef up bank oversight.
After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.