Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: The world isn't ready for another banking crisis Thu Jul 28, 2016 8:39 pm
As Europe braces for the release of its bank stress tests, the world could be on the verge of another banking crisis.
The signs are obvious to all. The World Bank estimates the ratio of non-performing loans to total gross loans in 2015 reached 4.3 per cent. Before the 2009 global financial crisis, they stood at 4.2 per cent.