Apollo CEO Rowan Sees 'Second Wave' of Commercial Real Estate Losses

The video discusses the recent banking crisis, highlighting the sale of First Republic to JP Morgan and Jamie Dimon's view that the crisis is nearly over. It examines the predictable nature of the crisis due to mark-to-market losses and rising rates. The focus shifts to the challenges faced by regional banks, including increased costs and the need to adapt their business models. The potential second wave in commercial real estate is explored, with emphasis on its impact on regional banks and investors, though it is not seen as systemic.

What challenges do regional banks face in the current economic environment?

In what way could the second wave in commercial real estate affect the banking system?