Tag Archives : subprime lending
The IMF estimates toxic debt in the banking world to hit $4 trillion
The number of active ‘toxic assets’ in the balance sheet of banks around the world could reach $4 trillion, according to new forecasts to be issued by the International Monetary Fund (IMF).
The institution headed by Dominique Strauss-Kahn estimated in January that US-originated assets could decline to $2.2 trillion by the end of next year. In its [...]
Filed in: Business, Market Trends
