24 Apr 2023 | Financial Services | white papers
Surviving the Downturn More Than Ever Before, Your Preparedness Matters Now
The whitepaper analyses the warning bells that are ringing across the financial industry following the busting of three significant American mid-sized banks, each with more than a billion-dollar deposit base. With increasing interest rates and deposit withdrawals, the entire US banking system is at risk of collapsing. While the dust hadn’t even settled and the world was tendered with the news of Credit Suisse breakdown, sending shock-waves across the global banking sector, leaving Deutsche Bank vulnerable and sparking widespread speculation about its financial stability. Depositors are scared of the safety of their funds in the vaults of financial institutions, raising serious questions about the future of the industry.