1. World’s Biggest Banks to Borrow $1.2T to Avoid Another Collapse

    World’s Biggest Banks to Borrow $1.2T to Avoid Another Collapse

    The era of ‘Too Big to Fail’ is over — in just seven years. The world’s 30 biggest banks will have to borrow about $1.2 trillion from Wall Street investors in order to prevent the kind of financial implosion that came in 2008 in the wake of the collapse of investment bank Lehman Brothers. The...

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