June 24, 2020
How the banking sector will respond to pandemic-related recession
The banking sector remains solid overall amid the pandemic. Just as crucial as staff safety and making certain that operations across businesses continue at optimal levels have been the fortification of balance sheets, confirming liquidity, allocating stimulus funding, managing funds, and understanding the need to build a strategy around what’s next and beyond the near-term challenges. More specifically, banks may need to take action to reposition their business, accelerate digital transformation and seize growth opportunities as they emerge. An EY article provides details.