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IMF: A range of banks with almost $12 trillion in assets 'remain weak'

Eight years on from the 2008 financial crisis, more than a quarter of all banks in advanced economies are still weak and at risk of further instability, the International Monetary Fund said. The banks, with combined assets of around $11.7 trillion (£9.2 trillion), face challenges to their business models from low rates and low economic growth "Weak profitability could erode banks’ buffers over time and undermine their ability to support growth," the IMF said in its October report on financial stability.
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