2min chapter

Business Daily cover image

The US banking system on life support

Business Daily

CHAPTER

The Importance of Imagination in Banking

I think what happens is that there's sometimes a failure of imagination as to what can go wrong. In the United States we've not operated in a fast-rising interest rate environment for decades. Basically I think people forgot what those risks are. What they hadn't really comprehended is how quickly customers would potentially act in response.

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