Piyush Gupta: I do think we'll see a pick up in defaults & delinquencies around the w

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Piyush Gupta: I do think we'll see a pick up in defaults & delinquencies around the w

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07-12-2020, 08:40 PM

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Piyush Gupta: I do think we'll see a pick up in defaults & delinquencies around the w

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE — Global banks will be confronted by two major headwinds next year: rising defaults and ultra-low interest rates, said the chief executive of Singapore's largest bank DBS, Piyush Gupta.

Government support around the world has cushioned the pandemic's economic damage, but it has also "masked the real size" of problems that companies and households face, Gupta said on Monday. Such problems will come to fore when support measures are rolled back, he added.

"So I do think we'll see...

Piyush Gupta: I do think we'll see a pick up in defaults & delinquencies around the world next year

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