Comment & Analysis
Coronavirus
Retail Banking
Uncategorized
Banks could lose up to $4.7trln in cumulative revenues due to COVID-19
Banks around the world could incur cumulative revenue losses of up to $4.7 trillion between 2020 and 2024, as the coronavirus pandemic persists and poses the “biggest stress test” ever for lenders, global consultancy McKinsey said. “Amid a muted global recovery, banks will face a profound challenge to ongoing operations…
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