BUSINESS
James Bullard: Without proper risk management, a wave of bankruptcies can be disastrous - Economo
BUSINESS

James Bullard: Without proper risk management, a wave of bankruptcies can be disastrous - Economo

Published: July 2, 2020  |  2 min read, 457 words
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The president and CEO of the Federal Reserve Bank of St Louis, James Bullard, warned that the growing number of bankruptcies due to the coronavirus epidemic could lead to a financial crisis.“Without more detailed risk management by health policy, we could get a wave of significant bankruptcies and this could lead to a financial crisis”, said James Bullard. He warned of “reversals” in the health crisis and said that “it is probably prudent to keep our credit for now, although it is true that liquidity has improved dramatically in the financial markets”.New cases of COVID-19 in the United... READ MORE
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