Their global financial stability reports, states that financial companies have lost about $4.1 tr.
The amount of toxic debt as well as eroding loans are the major causes.
FT Article
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Global View Today, is a blog that focuses on international development's and international news analysis, with a twist of comon sense and humour. While we take the position of a political economist and on the development aspect of things, on many of the issues, we try to represent business, trade, government and finance, all in one swoop with our views!
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