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Shocking data shows there is much more to the story than Credit Suisse or Deutsche Bank.

Eurodollar University

00:00

The Euro-Area Bank Lending Survey

Banks are de-risking their loan books in Europe before we even get to March. It's not just about recession, it's about banks who maybe did a lot more than they should have confusing CPIs for economic and financial conditions. The US banking system remains sound and resilient - Christine Lagarde will tell you the same thing.

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