Bank failures have 'increased' threats to global financial stability, IMF says

Bank failures have 'increased' threats to global financial stability, IMF says

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A banking crisis in the U.S. and Europe has worsened the outlook for the global economy and increased the risks of an even larger financial calamity, according to managing director of the International Monetary Fund Kristalina Georgieva, who urged vigilance as more instability might make the task…

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