IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion

Filed under: International Markets, Good news

Tuesday's good news comes from the International Monetary Fund (IMF). Their latest forecast projects losses from the financial crisis to total $2.28 trillion, down $533 billion from the organization's October 2009 forecast.



And the reason for the improvement? You guessed it: the global economic recovery, which has reduced estimated bank write-downs and also improved bank capital positions, among other benefits. The IMF, in its revised Global Financial Stability Report, also cut its estimate for U.S. bank losses to $855 billion, down from a $1.03 trillion estimate in October 2009.

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IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion originally appeared on BloggingStocks on Tue, 20 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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