Is the U.S. Banking System Prepared for Another Recession?
Many experts and economists expect the coronavirus pandemic to result in a recession that could be as bad as, or even worse than, the 2008-2009 financial crisis. Although the fundamentals behind this looming recession are quite different from what occurred during the Great Recession, and the Federal Reserve is intervening in a much more significant way, this is definitely the biggest test for the U.S. banking system in a decade.
The big question is whether the banks, after enhanced regulation and more than 10 years to reflect, are ready for what's coming. Let's take a look at the risk profile of the banking system now compared to how it looked on the eve of the Great Recession.
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Source Fool.com
