
First Financial Crisis of the World : Roman Credit Crunch in 33 AD
The financial crisis of 33 AD, which rocked the Roman Empire, had them all: overleveraged financial institutions, external shocks, a run on the banks, and a lack of credit.
The financial crisis of 33 AD, which rocked the Roman Empire, had them all: overleveraged financial institutions, external shocks, a run on the banks, and a lack of credit.
Nearly $900 billion of commercial real estate loans in the United States are due to expire in 2023 and 2024. These mortgages are coming due in a more challenging capital-markets climate, and some may have trouble refinancing due to rising borrowing rates, dropping prices, and a more risk-averse attitude among conventional sources of funding
The collapse of commercial real estate (CRE) is a growing concern for financial experts, with the COVID-19 pandemic exacerbating the issue. Remote work and e-commerce have led to a decline in demand for large office and retail spaces, causing prices to plummet and investors to pull out of the market. Oversupply of commercial properties and interest rate hikes have also contributed to the CRE collapse. As a result, many investors are left with properties that are difficult to sell or lease, and the crisis is expected to continue for years to come.