UPDATE 1-Pandemic exposing ‘cracks’ in financial system, bank losses likely’ -IMF
The novel coronavirus
outbreak has exposed “cracks” in the global financial system and
“will likely” see banks suffer both credit losses and market
losses that will test their reserves, the International Monetary
Fund (IMF) warned on Tuesday.
outbreak has exposed “cracks” in the global financial system and
“will likely” see banks suffer both credit losses and market
losses that will test their reserves, the International Monetary
Fund (IMF) warned on Tuesday.
Posted by Reuters
