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This summary provides an overview of the challenges still facing the global banking system three years after the 2008 financial crisis: - Credit remains tight as banks have had to reduce risks in response to regulations, squeezing small businesses. Profits have slumped as banks now hold more equity capital against potential losses. - Regulators are struggling to determine if new rules are making the system safer or exacerbating economic problems. Banks complain new rules cut into profits while some argue

Author

Saket Chitlangia

Language

EN