Lorcan Allen: Investment property market at risk of €10bn write-down in value

David Solomon, the chief executive of Goldman Sachs, made his views on the commercial property market very clear last week – significant adjustments are coming and they’re coming fast.

Speaking to CNBC, Solomon predicted that a wave of markdowns will soon begin to show up on the balance sheets of US banks, and there will be some “pain”.

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Michael Jordan to sell stake in NBA franchise to investment group including rapper J.ColeThe basketball icon is to cash in his majority share in the Charlotte Hornets.
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