Banks and the Covid-19 crisis: Why this is not 2008 all over again

Five things to know

As the provider of funds that allow companies to function, banks have the ability to make or break economies.

While the Global Financial Crisis (GFC) of 2008 left investors with a wary disposition regarding banks, it could prove a misstep to allow lessons from the past to taint today's investment outlook. If there's one thing we can take from our industry's lengthy disclaimers, it's that past performance should not be used as a guide to future returns'. In the case of banks, we believe this has never rung more true. Here are five things to know about banks, the current crisis and where we are seeing opportunities. 1. Banks are not the cause of the crisis Unlike during the GFC, banks are ...