COVID-19 to cost global banks $2.1 trillion by the end of 2021
Edited By WION Video Desk
Published: Jul 09, 2020, 21:00 IST | Updated: Jul 09, 2020, 21:00 IST
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Global banks face combined loan losses of $2.1 trillion by the end of 2021 as a result of the coronavirus crisis, credit ratings agency S&P Global estimates, with a hit of $1.3 trillion this year more than doubling the 2019 level.
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