60% Of Banks May Not Survive An Economic Slowdown

Half of the world’s banks won’t survive the next crisis. Here’s why…

from Jason Burack via Wall St For Main St

A third of banks around the world are too weak to survive a severe economic recession, management consulting firm McKinsey & Co. said.

Additionally covered:

  • McKinsey: 60% Of Banks May Not Survive An Economic Slowdown
  • Half The World’s Banks Won’t Survive The Next Crisis, McKinsey Finds
  • Global banking annual review 2019: The last pit stop? Time for bold late-cycle moves
  • A new IMF Report from October 2019 was also very interesting
  • IMF’s October 2019 Global Financial Stability Report: Lower for Longer
  • Global Financial Stability Report: Banks’ Dollar Funding: A Source of Financial Vulnerability
  • The Fed’s official balance sheet is now up $208.754 billion dollars since the end of August 2019

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