Banks’ Earnings Will Suffer Until 2025 Because Of Coronavirus, IMF Says

from the International Monetary Fund predicts that banks across nine advanced economies will suffer sharp declines in profits through 2025, and that “substantial action” will be needed to make up for earnings shortfalls caused by the coronavirus crisis. during the first quarter, and the IMF says they aren’t likely to bounce back quickly.

The IMF says these challenges will stem from loan losses and low interest rates, both of which will squeeze margins over the next several years, even though banks are more resilient now, thanks to regulatory measures enacted after the financial crisis.

theothersarahh The pandemic will create a domino effect on all industries

theothersarahh The entire world is shut down. What kind of geniuses you guys got there figuring this world renowned hypothesis out?!

theothersarahh It’s true too many blank accounts especially still active and wasting cents on their whereabouts

theothersarahh I have keybank

theothersarahh With an unprecedented pandemic resulting in an economic lockdown globally do we need IMF to predict this? Anyone with a wee bit of brain will predict this

theothersarahh Этот твит важен для меня

theothersarahh

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