Global Banks Show Tantalizing Signs Of Stability: S&P
Global Banks Show Tantalizing Signs Of Stability: S&P
Global Banks Show Tantalizing Signs Of Stability: S&P
MELBOURNE, Australia — The global banking sector is finding its way back to normalcy, as per a new
The strong support by authorities for households and corporations over the course of Covid-19 has clearly helped banks, the report said.
Lenders were also well-positioned going into the pandemic after banks bolstered their capital, provisioning, funding, and liquidity buffers in the wake of the global financial crisis.
S&P Global Ratings expects normalization to be the dominant theme of the next 12 months as rebounding economies, vaccinations, and state measures help banks bounce back much more quickly than was conceivable in 2020.