Barry Sternlicht, the CEO of Starwood Capital Group, expressed his concern about the U.S. real estate market and its potential impact on regional banks. Sternlicht predicts that the struggling real estate industry could result in a bank failure every week. What Happened: Sternlicht, a billionaire real estate investor, is apprehensive about the future of the more than 4,000 regional and community banks in the U.S. due to challenges such as higher interest rates, vacancies, and inflation, reported Fortune on Wednesday. He believes these factors could lead to a significant number of bank failures. "I think people are looking for these cracks and you're going to see the cracks develop now. You're going to see a regional bank fail every day, or not—every week, maybe two a week," he told CNBC on Tuesday.  Despite Sternlicht’s prediction, only one U.S. bank has ...