October 07, 2008 at 11:48 AM EDT
Major Global Banks Need $675 billion in Capital
Major global banks will need an estimated $675 billion in capital over the next several years to keep private sector credit growing even modestly, while strengthening bank capital ratios, according to the International Monetary Fund. At the same time, the IMF advocates “a greater degree of judgment” in the application of mark-to-market rules to [...]
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