Running head: RISKS FACED BY THE BANK Risks faced by the bank Student’s Name Institution 1 RISKS FACED BY THE BANK 2 Introduction Banks have had their hands full in the wake of the new coronavirus outbreak (COVID19). Borrowers, as well as businesses, face job losses, declining profits, and slowed sales as the virus persists in spreading across the globe. Banking clients are likely to begin looking for a financial reprieve, and national banks’ regulators will be heartening banks to assist them. On top of managing the direct economic effect of the coronavirus, multinational banks must have a plan in position to defend workers as well as the clients from its spread. A lot of multinational banks are already beginning to inspire the remote working of some workers. There are various risks multinational banks might face because of the new corona pandemic facing the entire world. Risks Faced There are various risks that the bank could face. One of the dangers is that of the BZ bank, losing its stability (Oliverwyman.com, 2020). Because of the lengthy stay-at-home orders of the workers, this poses a considerable risk to the health as well as the stability of the BZ Banks. This is because the operation of the bank will be negatively affected since there will be slowed operations. The BZ Bank will face the risk of slowed growth during the pandemic because some of the clients will not be able to make investments; hence their productivity will dwindle. In addition, the bank face ...
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