distressed banks

baab

Senior Member
Vietnamese
Spain's eurozone partners agreed June 9 to extend a loan of up to 100 billion euros ($125 billion) to salvage distressed banks, laden with bad loans extended during a real estate bubble that imploded in 2008.
Source: http://www.globaltimes.cn/content/716217.shtml
Does the adjective "distressed" here mean "
having very little money" as in "a family living in distressed circumstances"?

 
  • Beryl from Northallerton

    Senior Member
    British English
    I don't think so. I'd say it's one of a range of economic euphemisms that you'll see deployed in order to mask the full horror of the situation.

    For 'distressed banks' read banks that would otherwise be bankrupt.
     
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