Why the world’s biggest banks are relatively stable in this crisis – so far

Published April 28, 2020 | 10 min read

Gerard Cassidy, RBC Capital Markets’ Head of U.S. Bank Equity Strategy joined RBC’s John Stackhouse, Senior Vice President, Office of the CEO on The 10 Minute Take Podcast series to discuss why and how the world’s biggest banks are stable in this crisis.

The big U.S. banks have set aside massive loan loss provisions as they prepare for the worst of the COVID crisis. European banks begin to report earnings this week, and are expected to do the same. Yet markets have not lost confidence in the world’s biggest banks the way they did in the global financial crisis. Gerard Cassidy, RBC Capital Markets’ Head of U.S. Bank Equity Strategy, joins us on the podcast.




EconomyMarketOutlook