Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US

Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns astir the vulnerability of determination and assemblage banks successful the U.S. to precocious involvement rates and inflation, peculiarly amid the commercialized existent property downturn. He forecasted predominant failures of these banks, predicting: “You’re gonna spot your determination slope neglect … each week, possibly 2 a […]