Bad Numbers Today, there are over trillion in stressed loan assets, compared to around trillion of US sub-prime loans which was the catalyst for the 2008/2009 crisis. The World Bank estimates the ratio of non-performing loans (“NPLs”) to total gross loans is comparable the 2009 levels of 4.2% in 2009. Several loci of ...
Satyajit Das considers the following as important: banks, BRICS, China, debt crisis, Europe, Finance & Markets
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