Banks Will Need $675 Million Infusion for Modest Growth

Research Recap submits: 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 avoid “fire sale” prices of impaired securities. Complete Story »