Billionaire Barry Sternlicht predicts weekly bank closures as the real estate sector battles high interest rates and inflation

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• Billionaire Barry Sternlicht is worried about America's regional and community banks.
• Sternlicht told CNBC that banks may bear the consequences of the real estate crisis.
• Only one bank has closed so far this year, but Sternlicht said more could be coming.

Billionaire Barry Sternlicht offered an ominous prediction about America's regional banks amid a coming commercial real estate reckoning.

The Starwood Capital Group CEO told...