The looming specter of bank insolvency raises concerns about potential defaults, bail-ins, and even bank runs on the horizon.

 With personal and household debt soaring, fewer loan transactions, and persistently low interest rates, banks are facing a perfect storm of challenges.

 Their exposure to struggling industries like airlines and tourism only adds to the pressure. Despite some sectors thriving, banking shares remain down roughly 30% for the year. It's reminiscent of the plight of airline stocks, with profitability seeming like a distant dream amidst rising loan defaults and a prolonged period of unchanged interest rates.

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