The surge in overdue commercial real estate loans at Goldman Sachs in the first quarter is related to Musk's refusal to pay Twitter office rent.

FAP, June 11 / PRNewswire-Asianet /-- the bank's overdue commercial real estate borrower (CRE) loans climbed 612 percent to $840 million in the first quarter, according to a report submitted by Goldman's licensed banks to the Federal Deposit Insurance Commission. The increase was much higher than the increase in overdue CRE loans across the US banking sector, which rose 30 per cent over the same period, slightly more than $12 billion. This is partly because Musk refused to pay the rent for the Twitter office. However, Goldman Sachs is much less risky in commercial real estate loans than its main competitors.