Half the World’s Banks Are Too Weak to Survive a Downturn, McKinsey Says

Bloomberg, Oct. 21, 2019–Hannah Levitt
More than half of the world’s banks are too weak to survive a downturn, according to a survey from consultancy McKinsey & Co. A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, McKinsey said in its annual review of the industry released Monday.