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Commercial real estate contagion spreads to Europe

Commercial real estate contagion spreads to Europe
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Commercial real estate contagion spreads to Europe

Commercial real estate contagion spreads to Europe
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Germany's Deutsche Pfandbriefbank warns of 'greatest real estate crisis since the financial crisis'

The bank's exposure to U.S. commercial real estate prompted it to send an unschedule statement to the market.

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Inside Julius Baer's Failed Gamble on Signa Real Estate Empire

(Bloomberg) The more the leadership at Julius Baer Group Ltd. looked at their exposure to Rene Benko’s collapsed property empire, the worse the outlook for Chief Executive Officer Philipp Rickenbacher became.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoApple’s China Slump Deepens Even as Total Sales Grow AgainQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets WrapApple China Slo

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Julius Baer CEO Steps Down in Wake of Signa Exposure -- Update

By Ed Frankl Julius Baer Group said its chief executive officer will step down after it reported major losses related to its exposure to Austria's Signa.

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