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KM Financial Solutions | UPDATE 1-Pandemic exposing ‘cracks’ in financial system, bank losses likely’ -IMF
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UPDATE 1-Pandemic exposing ‘cracks’ in financial system, bank losses likely’ -IMF

13 Apr UPDATE 1-Pandemic exposing ‘cracks’ in financial system, bank losses likely’ -IMF

Posted at 16:39h in News by
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The novel coronavirus
outbreak has exposed “cracks” in the global financial system and
“will likely” see banks suffer both credit losses and market
losses that will test their reserves, the International Monetary
Fund (IMF) warned on Tuesday.

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