A new report from the International Monetary Fund predicts that banks across 9 advanced economies will suffer sharp declines in profits through 2025 by theothersarahh
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.
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