IMF Sees European Banks Facing $4.5 Trillion Sell-Off: Economy

IMF Sees European Banks Facing $4.5 Trillion Sell-Off: Economy

Hannelore Foerster/Bloomberg

The International Monetary Fund said European banks may need to sell as much as $4.5 trillion in assets through 2013 if policy makers fall short of pledges to stem the fiscal crisis, up 18 percent from its April estimate.