Zombie bank
id:
zombie-bank-163-8940229
title:
Zombie bank
text:
A zombie bank is a financial institution that has an economic net worth of less than zero but continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support. The term was first used by Edward Kane in a 1987 article titles Dangers of Capital Forbearance: The Case of the F.S.L.I.C and ‘Zombie S&L’s to explain the dangers of tolerating a large number of insolvent savings and loan associations and applied to the emerging Japanese crisis in
brand slug:
wiki
category slug:
encyclopedia
description:
Bank with a net worth below zero
original url:
https://en.wikipedia.org/wiki/Zombie_bank
date created:
2008-10-07T16:32:56Z
date modified:
2024-08-28T10:04:39Z
main entity:
{"identifier":"Q219181","url":"https://www.wikidata.org/entity/Q219181"}
image:
fields total:
13
integrity:
15