How are bank companies handling the economic down turn? Are they still achieving their profit goals?© BrainMass Inc. brainmass.com June 3, 2020, 10:24 pm ad1c9bdddf
How do bank companies handle the economic downturn?
Here are some of the responses of banks to the economic down turn:
1. Some banks have secured new capital from Treasury Department to boost the money available to lend and could support long-term growth.
2. Other banks changed its culture to adapt to a new era with new set of challenges.
3. Some banks are securing capital to cut back on spending, e.g., cut bonuses and suspend cash dividends.
4. They have created a new business banking division to diversify a loan portfolio that will rely on the ...
The solution discusses how banks handle the present economic down turn and if they are still achieving their profit goals or not. References included.