10 Banking Trends for 2020: Stormy Weather Ahead [Forbes]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
2020 will be an interesting year for the banking industry. There are plenty of clouds on the horizon and there’s a risk that the weather might change far quicker than predicted. I hope we don’t see a year of destructive storms that echo those of a decade ago, but I think it’s unlikely that the global banking weather will remain sunny and warm in 2020. Meteorologists draw a distinction between the long-run trends of climate change and the fluctuations of day-to-day weather conditions. I’m taking the same approach to my banking predictions this year There’s an argument to be made that 2020 could be the year in which the long post-financial-crisis recovery of the banking industry and the rise of fintechs as major industry players both get blown off course. Like a weather forecast, these predictions will undoubtedly be specifically wrong, but like climate science, I think the trends and patterns are generally right in terms of what bank executives and investors should be paying attention
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