Global banks are facing a $3.6 TT ball of debt coming due in the next two years as they try to refinance themselves away from bankruptcy

We highlighted this a year ago at this time.  Europe, which was healthy, was most at risk due to higher leverage ratios and lower capital requirements.  They are also leveraged to the hilt.  We also called the Portuguese bailout months before it happened.

We are not geniuses here, just people who can do math.  Now it says that many European Banks, which are already leveraged to the hilt, will be at risk of default when they are forced to refinance.  I smell trouble a mile away.  Germany, although it is now stable, its banks are in real danger of failing.  The biggest reason is the size and leverage levels of these banks.  They have so many assets that a real decline will sink them.  Via CNBC:
The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.
Many European banks need bigger capital cushions to restore market confidence and assure they can borrow, and some weak players will need to be closed, the International Monetary Fund said in its Global Financial Stability Report.

The debt rollover requirements are most acute for Irish and German banks, with as much as half of their outstanding debt coming due over the next two years, the fund said.

"These bank funding needs coincide with higher sovereign refinancing requirements, heightening competition for scarce funding resources," the IMF said.


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