Bair: CRE Will Drive Regional Bank Failures To A Higher Level Than Last Year

FDIC Chairman Sheila Bair spoke to CNBC’s Maria Bartiromo about the ongoing series of bank failures in the United States.

  • 0:45 Bank failures will be higher this year than last
  • 1:52 Regional banks have significant exposure to commercial real estate, which will be the key driver of bank failings this year
  • 3:23 Small banks are having to reserve against loan loss, which is hurting their ability to lend

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