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European crises, U.S. debt, slow global economy revive fears over banks’ footing

"Bank of America — still struggling to iron out the portfolio of bad loans it acquired by buying the giant mortgage lender Countrywide Financial in 2008 — is an extreme case, but it is not alone. Just three years after the financial crisis drove some of the biggest names in finance to the brink of collapse, the combination of European disarray, the downgrading of U.S. debt and a stagnating global economy have rekindled fears about the banking sector’s stability."

Read the full story at the Washington Post

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