Avatar - Eduardo Gato García-Bárcena
Eduardo Gato García-Bárcenaadded this to Finance
The retail apocalypse is having a terrifying impact on one corner of Wall Street

The retail apocalypse is having a terrifying impact on one corner of Wall Street

Business Insider - Hayley Peterson

• Department stores are shutting hundreds of locations, many of which are anchor tenants in malls.• When the malls lose such huge tenants, they can wind up defaulting on debt that has been bundled with other mall loans into a bond called a CMBS.• Investors are betting against the CMBS like they did …

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