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BBJ: The State’s Largest Banks Expected a Financial Crisis. It Never Came.

egan to hold back massive amounts of money. The Boston Business Journal recently speak with Mark Williams, Master Lecturer in Finance, to discuss the financial crisis that never came.

Mark Williams

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December 10, 2021

Early on in the global pandemic, banks began to hold back massive amounts of money. Banks, convinced that an economic disaster was imminent, expected unprecedented defaults on mortgages and loans. The Boston Business Journal recently speak with Mark Williams, Master Lecturer in Finance, to discuss the financial crisis that never came.

“We thought we’d have pandemic-related losses and they just never materialized.”

Mark Williams
Master Lecturer in Finance

The article discusses what held off the crisis and how banks of course corrected.

Mark T. Williams is a risk-management practitioner, academic and financial author with three decades of experience. His expertise includes risk management in banks, hedge funds, energy trading and utility companies. Specific focus areas include Fed monetary policy; corporate governance; business ethics; banking trading fraud and compensation practices; fraud detection and prevention, pension investments and return assessment; energy commodities risk measurement and precious metals trading. Current research has focused on financial literacy, financial inclusion and Fintech, including virtual currencies and blockchain.