60% Of Banks May Not Survive An Economic Slowdown

Sunday, October 27, 2019
By Paul Martin

October 27, 2019

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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