America's largest banks are beginning to prepare for a shallow recession this year with the major lenders tightening up their loan books. The market reaction to the news was positive as share prices for the banks went up over the weekend helping the Australian market boost this morning with the ASX market opening at a 0.32 per cent rise.... ( read more )
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US Banks Begin Bracing for Shallow Recession As the economic landscape continues to shift, US banks are starting to brace themselves for what some experts are calling a shallow recession. A combination of factors, including slowing economic growth, rising trade tensions, and geopolitical uncertainties, have prompted banks to take precautions in order to weather the storm. This preparation comes after a decade of economic expansion following the global finan
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