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Top Reads this Week (26 July)
By Financial Horse  •  July 26, 2020
Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.

DBS CEO says ‘a big, big challenge’ is looming for the global economy (CNBC)

  • 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.

EU Agrees To $858 Billion In Grants, Loans To Bail Out Pandemic-Battered Economies (NPR)

European Union leaders emerged from five days of intense talks with a landmark 750 billion euro...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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