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Dominoes: After NYCB, Shares Of Japanese Bank Implode On Massive US CRE Writedown

Dominoes: After NYCB, Shares Of Japanese Bank Implode On Massive US CRE Writedown Following a profit warning from New York Community Bancorp on Wednesday, partially attributed to turmoil in the commercial real estate sector, Japan’s Aozora Bank Ltd. slashed the value of some of its US office tower loans by more than 50%, according to Bloomberg. New York […]

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Fear Hits Japanese Banks, Nikkei Plunges, 10-Year Yield Negative for First Time Ever

Fear Hits Japanese Banks, Nikkei Plunges, 10-Year Yield Negative for First Time Ever A banking crisis radiating out from Europe? While China, Hong Kong, and some other Asian markets celebrated the lunar New Year and wisely kept their markets closed, all heck is breaking loose in Japan. The Nikkei had risen 1% on Monday and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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