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banking collapse – XtremeCuztoms

Tag: banking collapse

Bankers and Regulators Fail Money and Banking 101 

Commentary During the 2008 financial crisis, banks failed because they assumed too much credit risk by holding complex assets that defaulted. So far during the 2023 crisis, banks have failed because they took on too much interest rate risk by holding too much long-term fixed-rate debt, including U.S. Treasuries. That’s a mistake undergrad economics majors…


Afghan Banking System Facing Existential Crisis: UNDP Report

The United Nations warned Monday that Afghanistan’s banking system is on the verge of collapse because of consumers unable to repay loans, fewer deposits, and other liquidity problems, leading to a social crisis in an already fragile economy. “Afghanistan’s financial and bank payment systems are in disarray,” the United Nations Development Programme (UNDP) said in…