Stephen Roach: Significant Stress in Global Banking

The video discusses the fragility of European banks, highlighting issues with Deutsche Bank and UniCredit. It explores the potential for financial instability in Europe to affect the US, drawing parallels to the 2008 crisis. The global banking system, including the US, Europe, and China, faces significant stress due to weak global growth and high debt levels, with challenges in maintaining a resilient banking system under low or negative interest rates.

In what ways is the banking system in China described as being under stress?

What are the implications of having zero or negative interest rates on the banking system?