RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Via Ancaps: Global banks face 'wall of maturing debt' Fri Apr 15, 2011 8:21 pm | |
| DEBT-LADEN banks are the biggest threat to global financial stability and they must refinance a $US3.6 trillion ($3.4 trillion) ''wall of maturing debt'' that becomes due in the next two years, the International Monetary Fund says.
Many European banks need bigger capital cushions to restore market confidence and help reduce the risk of another financial crisis, says the fund's global financial stability report.
With the $3.6 trillion that matures in two years the rollover requirements are most acute for Irish and German banks, the report said.
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