In the financial crisis it was shaky real estate loans, now risky corporate loans threaten stability. When interest rates rise, banks and investors suddenly find themselves stuck on loans.
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Meike Schreiber, Frankfurt
Is a new financial crisis imminent and if so, what exactly will trigger it? There are many ways to answer this question, and it is likely that danger will once again come from corners that no one anticipated. But one answer could lie in the USA: there, but also in Europe, a danger has built up that has long been considered manageable. It’s about risky loans to companies and the question of what will happen if interest rates rise again for the first time after many years – a change in time.