Banking fortunes are linked to the fortunes of economies. When Asia entered the COVID-19 crisis, banks were well-prepared and far more resilient this time than they were during the crisis of 2008. The outlook still remains worrisome as trillions of dollars of GDP are still under threat, and the near-term recovery of the economy is patchy and uncertain in many Asian markets. In this episode, we discuss how the banking sector is dealing with this crisis, how they should think about recovery and growth, and what are some of the big discontinuities and shifts that can be seen in the financial sector today.
Join the conversation with senior journalists Ira Dugal, executive editor at BloombergQuint; Jamie Lee, deputy news editor at The Business Times Singapore; and Chris Wright, Asia editor of Euromoney to explore how Asia's banking sector is faring through the pandemic.See www.mckinsey.com/privacy-policy for privacy information