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Shadow banks’ unknown unknowns

影子银行的未知未知因素

Shadow banks’ unknown unknowns
2025-10-22  568  中等
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The stresses and strains we have in the banking system since we last wrote have confirmed that these are the points to watch, and added some supplemental points, as well. The biggest news has been losses at Western Alliance and Zions Bancorp stemming from loans to a group of distressed real estate funds. Fitch Ratings issued a note this week entitled “Rapid US non-bank loan growth raises risk of wider losses for banks.” Here is a bit of it:

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