Global banks’ use of funding from markets rather than from customer deposits has grown rapidly in recent years, mostly in the form of short-term funding, which was a central problem of the 2008 financial crisis, according to a body that monitors global financial risks. However, that growing use has been spread unevenly around the globe. Banks in the U.S., U.K. and Canada have become among the biggest lenders into short-term financing markets, while banks in France and Japan are now the biggest borrowers after rapid growth...

Source: Wall Street Journal January 19, 2020 15:56 UTC