BUSINESS
IMF warns banks against taking excessive risks due to low rates
BUSINESS

IMF warns banks against taking excessive risks due to low rates

Published: May 22, 2020  |  1 min read, 161 words
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/ /BloombergThe International Monetary Fund is warning banks against taking on excessive risks to offset the reduced profitability that results from low interest rates once economies begin to recover from the global pandemic.Bank profitability likely will be under pressure for the next five years, based on a simulation of nine advanced economies, the Washington-based lender said in an analytical chapter released on Friday as a follow-up to its Financial Stability Report published last month. While cost cutting and higher fee income should help, they’re unlikely to fully relieve the... READ MORE
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