Strong balance sheets keep global banks on stable outlook despite macroeconomic gloom
Moody's Talks - Focus on Finance
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Banks in North America
The outlook for profitability is positive and that really is because of higher interest rates. Asset quality metrics in North America are also you know currently very unsustainable low so we do expect that they will weaken. And then maybe the last thing I'll mention is that the North American banks have very strong liquidity. They have really high core deposit funding pretty low wholesale funding and then large holdings of liquid assets.
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