IMF: Non-US banks have $1.4 trillion at risk in the event of shock
Should a new crisis erupt on world markets, non-US banks will struggle to cover their debts, which have increased since the global financial crisis, the International Monetary Fund (IMF) warned Friday. And despite efforts to shore up the US banking system – in some cases because of those reforms – the surge in liabilities denominated in US dollars could make the banks’ home ec...
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