# Breaking the bank

## News

Losses from bad loans in the banking sector are almost $10 billion more than they need to be, according to financial services strategy consultants Oliver, Wyman & Co (OWC). This year, OWC forecasts that banks’ losses from bad loans in North America and Europe will reach a record high of$130 billion, an increase of \$20 billion on last year’s figures.

The increase is partly due to the worsening economic environment and a raft of high-profile bankruptcies such as Enron, WorldCom, Kmart a

#### 7 days in 60 seconds

###### SOFR, leverage and life after London

The week on Risk.net, July 14-20, 2018