By now the world is well familiar with the adverse effects of the pandemic for a number of industries and how COVID has impacted the U.S. GDP. Some have also heard about the Fed and various states' intervention programs to mitigate some of those effects, as referenced in our previous episode of VFTCN. At the center of the current maelstrom of the Fed regulations, pandemic effects, increased demand, loans and defaults, investors and depositors, are the banks. This episode takes a look at their side of this story, where unfortunately the "grass isn't always greener."
The economic impact of the COVID-19 pandemic has been much-discussed and debated, especially regarding its impact on small-to-medium enterprises (SMEs). For some small business owners making steady payments on small business loans before the pandemic, the grim prospect of defaulting may now feel dangerously imminent. This fragile backdrop is now the proving ground for new ways to think about the relationship between borrower and lender.
In our first full-length episode of Views from the Crow's Nest, we examine the second order economic effects of the COVID pandemic for lenders in the next six months to a year or more.
Welcome to Views from the Crow's Nest by FischerJordan. This introductory episode will answer two questions: who/what is FischerJordan, and what you can expect to see from the crow's nest.
Find out more about FischerJordan's strategic management consulting framework and client expertise at fischerjordan.com