Property sector concerns affect US banking system

There’s little clarity on when the pressures may ease up as deposit-taking institutions prepare to contend with a wall of maturing property debt this year that’s estimated at US$441bil. —Bloomberg

NEW YORK: When it comes to commercial real estate, investors in the US banking sector are on edge.

Axos Financial Inc – the latest target – slumped on Tuesday after a short seller took aim at what it called the bank’s “glaring” property loan problems.