Banks nearly took down the economy in 2008. Now the industry hopes to redeem itself

Posted by & filed under Part 1 Business in a Global Environment, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Investors glued to their screens as stocks tumble day after day. Central banks around the world injecting trillions of dollars into the financial system. Talk of bailing out out entire industries.

Source: CNBC.com

Date: Mar 17, 2020

Link: https://www.cnbc.com/2020/03/17/banks-nearly-took-down-the-economy-in-2008-now-the-industry.html

Questions for discussion:

  • What does the article say about the ability of banks to help businesses and consumers deal with the economic strains caused by the Coronavirus?
  • How important will the behavior of bankers over the next year be if the industry is to redeem itself in the publics mind?

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