Does the post-2020 period refer to the “mutual moment” for banks?

Does the post-2020 period refer to the “mutual moment” for banks?

2020 ends economically very differently. It has recorded a strong recession since the end of World War II, with activity in France falling by 9% according to the INSEE. Still, corporate bankruptcies have not increased. On the contrary. They have decreased by 34% with the year. Explanation, we are well aware: Massive government assistance. With some unemployment, it supports the salaries of stores under administrative closure; It postpones the payment of social and financial bills; It guarantees business loans, popular PGEs; It provides assistance in hard and soft currency through the Solidarity Fund …

Banks made a lot of arrangements in the first half of the year to protect themselves from potential crime, but by the end they were not really needed yet. They end 2020 on a positive note. It is enough for them to want the head office of the European Central Bank (ECP), thus authorizing them to pay back dividends to their shareholders.


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About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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