A recession and a credit crunch could result in 1 trillion of corporate deadbolts, Bank of America says

Why does it seem like the market doesn’t really care about this information.

My opinion is that office loan defaults are the elephant in the room for banks, which will cause ripple effects that may begin a stock market selloff.

Either way office loans will either default or get moved to a bank special assets division (crappy loans), and either scenario will negatively affect a banks balance sheet, and should cause investors to sell, right?

I just don’t know what I’m missing here.

https://markets.businessinsider.com/news/bonds/recession-credit-crunch-us-economy-debt-default-bank-of-america-2023-5?amp

Edit: Defaults, not deadbolts