https://www.ft.com/content/4114454c-a924-4929-85f4-5360b2b871c6 "Bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments linked to offices, shopping centres and other properties. The average reserves at JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley have fallen from $1.60 to 90 cents for every dollar of commercial real estate debt on which a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation. The sharp deterioration took place in the last year after delinquent commercial property debt for the six big banks nearly tripled to $9.3bn." So I have a theory: - Commercial real estate suffering after lockdowns - Banks are on the hook - US government says "oopsies, we can't have a 2008 repeat, we need to fix this" - Government and banks talk to BigCo's asking them to RTO to save real estate and economy - BigCo's say, "OK but you need to give us a big discount, nice loans and other benefits and we'll force our employees to RTO" - Government, banks and BigCos do a handshake agreement 🤝 - BigCo's make people RTO and fire those who don't come back
In your dreams. Corps only care about the bottom line. If a non financial corp has RTO they do it because they think you are more innovative and productive (and they can watch you closer). Why the heck would P&G care about a loan Chase has on the books.
I'm not saying the BigCo would care, which is why the banks would have to sweeten some deal (big loans, some incentives etc) as an offer to make this work.
No evidence of this happening. Loan rates would be affected (downward)as well as increased loans. Look what has happened across banks and you won’t see that in their financial statements.
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This has already happened. Good morning! It happens behind closed doors.