Movers & Shakers for April 26, 2021 wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.
A recession coinciding with the start of the coronavirus pandemic last spring sent the American economy into its largest contraction in modern history.
While the economy shrunk by roughly a third, banks quickly noticed something else happened: most consumers started pouring savings into their bank accounts.
Almost a year later, banking leaders are struggling to figure out what will happen once the pandemic – or at least the worst of it – is over. Will pent-up demand lead to explosive economic growth? Or are people saving more than ever out of worry or survival?
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Brian McEvoy, senior retail banking officer at Webster Five Cents Savings Bank
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