Post
Topic
Board Economics
Re: Report: More Than 50% of the Worlds Banks May Be Too Weak To Survive A Recession
by
ecnalubma
on 25/10/2019, 12:59:37 UTC
This may not be a good time to have money stored in banks, if indeed more than 50% of them are weakened and may not survive an economic downturn.  
This is scary due to not only banks may close but also major businesses. I am also worried about innocent people entrusting almost all of their financial assets to banks without knowing the upcoming threats. I think if we suffer a financial crisis, it will be worst than the previous one.