Investors have started handing back the keys to their office properties as the crisis in Ireland’s €50 billion commercial property market deepens, the Business Post can reveal.
As asset values continue to plunge amid a historic cycle of interest rate hikes, owners have begun surrendering properties to lenders in a sign of acute stresses that have emerged in the market over recent months.
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Citigroup's Q3 investment banking fees jumpCitigroup's profit was broadly steady and beat third-quarter estimates as it benefited from rising interest payments and surging investment banking fees, the bank said today.
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