US banks slump on fears of hidden credit crisis

Kristalina Georgieva said the IMF was “concerned” about the growth of private credit lenders, which she said now accounts for “more than half of financing”.The head of the International Monetary Fund (IMF) said the thought of a crisis in the shadow banking sector keeps her “awake at night” after the recent collapses of heavily indebted firms.That’s all for today but you can read all the latest business and economics stories here .Thanks for joining us on this live blog.He said: “I don’t really understand wh ...