Tuesday, 31 March 2020

Some banking systems may need help in worst-case scenario – IMF

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By Pete Schroeder and Megan Davies WASHINGTON (Reuters) - Some countries' banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund said on Tuesday. Leading regulators and bank chief executives, particularly in the United States, have said lenders are robust enough to withstand the unfolding economic crisis.

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