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Banks May Face Significant Challenges, McKinsey Says

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Joydeep Sengupta, senior partner at McKinsey & Co., discusses the state of the global banking industry and its outlook. European banks are poorly positioned for a long recession due to high capital burdens and low interest rates, according to the consulting firm's annual report on the industry. Sengupta speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

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