Bass Says China Bank Losses May Top 400% of Subprime Crisis

  • Manager says 10% asset loss would cut equity by $3.5 trillion
  • China would have to print $10 trillion to recapitalize banks

Kyle Bass Warns of Huge Losses for Chinese Banks

Kyle Bass, the hedge fund manager who successfully bet against mortgages during the subprime crisis, said China’s banking system may see losses of more than four times those suffered by U.S. banks during the last crisis.

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