“I think one reason our NPL levels are quite low is because everyone who was going to get into trouble has already managed to do so years ago without the assistance of Covid 19”
A banker in Asia has mixed confidence in his own credit book
“Investors don’t look at car companies and ask: ‘Do they have enough capital?’ They ask whether they have a competitive product. But since the GFC, the whole way of looking at banks has been about capital”
One analyst wonders if markets have given up scrutinizing the business case for banks
“The sales and trading business is like a big ball of rubber bands.
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