Rounding up top reads from around the web, including articles shared by fellow investors in the
Financial Horse Facebook Group.
- Banks could experience “far more damage” to their balance sheets when stimulus measures that are keeping many businesses afloat are rolled back, said Piyush Gupta, group CEO of Singaporean lender DBS.
- He explained that governments cannot keep supporting the business community financially, so “you’ll start seeing a lot more default, which in turn means that you’ll start seeing the problems spill over to the financial sector.”
- But banks globally have also entered the current pandemic-induced crisis on stronger footing and can take on “a lot more pain” compared to the global financial crisis more than a decade ago, he added.
Full transcript
here.
European Union leaders emerged from five days of intense talks with a landmark 750 billion euro...