Description: Thereâ€™s a simple explanation for why the worldâ€™s zombie banks remain so reluctant to write off worthless assets and tap the equity markets for fresh capital. They donâ€™t want to end up like UniCredit SpA. (UCG)
Questions for discussion:
- What is the explanation for not writing off bad loans, according to this report?
- What could be the consequences of maintaining the status quo?