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Skyscrapers of the city center can be seen from the Lohrberg in the north of Frankfurt. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)
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Germany’s financial regulator on Tuesday warned that the country’s banking system is undergoing a real-life stress test amid the current volatility, also predicting significant weakness for the commercial property sector.
The banking sector has been under the spotlight since March with the collapse of Silicon Valley Bank and the rescue of several other embattled lenders. Pressures facing the sector have intensified as many central banks push up their benchmark rates, leading…
Source cnbc.com
