The Economist: shadow banking—non-banks offering bank-like services This week we publish a special report on shadow banking—non-banks offering bank-like services. It now accounts for a quarter of the global financial system, with assets of $71 trillion at the beginning of last year, up from $26 trillion a decade earlier. Our cover leader argues that moving risk away from banks is in theory a good thing, but points to the looming danger of a bust in Chinas shadow lending. - John Micklethwait, Editor-in-Chief, The Economist.
Posted on: Fri, 09 May 2014 01:16:50 +0000
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