Rebuild Your NIM With the Long Term in Mind
Interest rates have plummeted, and bank earnings will likely follow suit. The daily cost of doing nothing or not acting has become expensive. While we all wait to see the full impact, there are things you can do to minimize risk and begin rebalancing portfolios for the eventual recovery. While a steep recession is coming, it is expected to be short-lived due to the nature of the crisis and the strength of the underlying economy. This could mean opportunities lie ahead. Are you prepared?