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COVID could spell the end for smaller banks – but the Big Five must learn from them first

19 Nov 2020

It’s difficult to adequately explain the scale of the economic challenges brought on by COVID-19, but tectonic is probably about as close as you’ll get. Like the shifting continental plates beneath our feet, the very structure of the economy is moving and reshaping due to the coronavirus pandemic. All sectors will have to adapt to these changes, but it is particularly important that the banking sector is prepared.

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