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.