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    IMF Still Sees Advantage For 'too Important To Fail' Banks

    Wochit

    by Wochit

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    The International Monetary Fund said in a report on Monday that top banks in the euro zone benefited from an implicit taxpayer subsidy of $90 billion to $300 billion last year from ongoing state because they're considered "too important to fail." Subsidies in the United Kingdom and Japan may have been as high as $110 billion in 2013, while they ranged from $20 billion to $70 billion in the United States, the IMF said in a chapter of its semi-annual "Global Financial Stability Report."