Post
Topic
Board Economics
Re: More Banks maybe Closed and cryptocurrency exchangers are new way of banking
by
bryant.coleman
on 03/12/2020, 13:02:42 UTC
I still believe that the banking industry can still recover. And crypto currency exchangers will take a long time before it can change the banks.

Although I would not compare the banks with cryptocurrency exchanges, the truth is that the banks are not in good shape. Many of them are surviving, just because of the bailouts from the government. Loan defaults have increased to such an extent that the banks are no longer able to keep a balance between deposits and loans. On top of that, the margins have decreased due to the decline in interest rates.