the g spot
Keep calm and bank on
We asked CEO Alan Pullinger if it could be worse: a banking crunch because of the collision of the Covid-19 coronavirus, oil price shocks and reeling global markets?
Banking group FirstRand does not expect to hit its target of real growth in earnings this year. We asked CEO Alan Pullinger if it could be worse: a banking crunch because of the collision of the Covid-19 coronavirus, oil price shocks and reeling global markets?
AP: I think the world was probably quite loaded, and I think if you look at overall debt levels there are a lot of regions globally that are struggling. China was already slowing even before this issue. The US is a bit of a standout, but there have been lots of worries for some time. Covid-19 [may] be the first domino that gets people worried, and [then] they start worrying about everything. Honestly, I think the economic consequence of the reaction to the virus is going to be many multiples worse than the actual virus...
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