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Italian banks, banks that heavily lent to aviation or oil...

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04/08/20

06:59

Post #: 46278947
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Originally posted by albatrosss ↑

I would not say that having your money in a bank is that safe at the moment.
i would imagine there will be a flood of debt defaults coming in the near future.
i will concede that because banks are paying virtually 0% interest rates , closing branches, atms and will most likely lay off staff.
Their costs are going down.
They will recoup their bad loans in property to a large extent but their business loans will be hit hard.
And we dont know how much they have veen speculating in shonkie areas.

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Italian banks, banks that heavily lent to aviation or oil industries, hsbc, ING etc must be hard hit.. Deutsche bank ... banks with CLOs... scary scary stuff..
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