MANAMA: Management consultancy Oliver Wyman and investment bank Morgan Stanley have released a new report highlighting that in the event of a rapid economic rebound following the Covid-19 pandemic, the impact on wholesale and investment banks’ earnings are even more at risk in GCC countries.
Titled ‘Steering through the next cycle’, the report outlines three potential scenarios for the evolution of the Covid-19 pandemic and its economic impacts on investment banks, ranging from a rapid rebound to a deep global recession, assessing the implications for wholesale banks over the medium term .
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