CNBC released a fantastic interview with DBS CEO Gupta where he highlighted the severity of the crisis.
I will be covering some of the same points he covered and more in in a live Webinar tomorrow Wednesday at 7:30pm, 22nd July 2020. Register now
Here are the key takeaways: The economic storm is the worst one he has seen and he describes it as the worst crisis facing mankind in the last 70 years. He expects the real challenges to emerge next year as companies will transition from a liquidity crisis to a solvency crisis. The consequences of the financial crisis have not been felt… and he expects it to be on par if not worst than the 2008 Great Financial Crisis. He expects the banks to be able to weather out the current crisis better than 2008 with stronger capital buffers & risk management. Under their current...