Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence
FT News Briefing
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Intro
This chapter examines the impending financial strain on U.S. and European banks due to anticipated losses from bad loans, paralleling concerns seen during the 2008 financial crisis. It reveals the projected $50 billion in losses as banks strategize their responses ahead of upcoming earnings reports amid the economic fallout from the coronavirus pandemic.
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Transcript
