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Banks braced as pandemic poses biggest test since financial crisis - FT


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Banks braced as pandemic poses biggest test since financial crisis | Free to read

https://www.ft.com/content/b0b241d9-7c94-4b91-b727-d39245005d07

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Vast credit losses are the primary concern. Six months into Covid-19, the numbers are already staggering. The 15-largest US banks have set aside $76bn to cover projected bad debts and their 32-biggest European cousins €56bn, Citigroup data shows.

The combined total of $139bn in loan-loss provisions is the highest since the $186bn reached in the second half of 2009, 

 

 

Edited by Saving For a Space Ship
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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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