Chad Van Horn, with the Van Horn Law Group. Courtesy photo Banking System Will Ride Out Challenges and Survive
The crux of the problem, over and above customer uncertainty and perhaps bank mismanagement, is inflation. As the U.S. government and leaders around the world look to tamp down their on-fire, post-COVID economies, they've raised interest rates, hoping for a soft landing to avoid a recession.
April 03, 2023 at 09:38 AM
5 minute read
Board of Contributors
"It's a Wonderful Life" until it's not. Like George Bailey's Building & Loan in the iconic Christmas movie, previously thriving banks have faced financial ruin as jittery customers lose faith and pull out their funds. George Bailey's "measly one-horse institution," was easily saved in the movie, while today's bankers navigate a complicated environment unseen in George Bailey's day.
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