KUALA LUMPUR: The International Monetary Fund (IMF) estimates that losses on US-based loans and securities may rise to some US$1.4 trillion—a significant increase from the estimate of US$945 billion in the April 2008 GFSR.
In its Global Financial Stability Report (GFSR), released late Tuesday, it said financial institutions' losses continue to mount, and unless they receive sufficient capital infusions, the viability of some of them is uncertain.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!