GLOBAL BANKS UNLIKELY TO RECOVER TO PRE-COVID-19 UNTIL 2023 OR BEYOND: S&P

Highlights

• The S&P in its report said that they do not expect the world’s largest banking sectors, including more than half of G20's, to recover to pre-COVID-19 levels until 2023 or beyond

• Credit Analyst Gavin Gunning said that they have already negatively revised the economic or industry trends underpinning the financial strength of many banking jurisdictions globally and this trend should persi....