this post was submitted on 18 Jul 2023

49 points (98.0% liked)

World News

32348 readers

847 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

AgreeableLandscape@lemmy.ml

jackmarxist@lemmy.ml

zephyreks@lemmy.ml

OurToothbrush@lemmy.ml

49

Long-feared corporate debt woes start to hit home (www.reuters.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

7 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Num10ck@lemmy.world 2 points 1 year ago

corporate debt defaults are the burden of the banks, which makes them unable to approve loans, which kills off the smaller regional banks and also hopes for corporate growth, so jobs too.