US embrace of remote working empties offices, weighs on banks

The popularity of remote work in the US has led to empty office buildings and concerns over property loans and bank failures. Office vacancy rates have risen, affecting the commercial real estate sector. Oxford Economics warns of a domino effect, and Fed Governor Michelle Bowman highlights the long-term problem if people don't return to offices.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HAnZvIC