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.
https://www.bloomberg.com/news/articles/2019-10-21/banks-must-act-now-or-risk-becoming-a-footnote-mckinsey-says?srnd=premium