The recent banking crisis has raised concerns about the stability and resilience of the banking industry. Triggered by factors such as economic turbulence, elevated risk exposure, and regulatory shortcomings, the downfall of financial institutions such as Silicon Valley Bank, First Republic Bank, Credit Suisse, and numerous smaller regional banks has inflicted substantial financial setbacks upon stakeholders.
The repercussions of this crisis are expected to extend across all major banking segments and have a far-reaching impact on significant geographical markets. Amid a risk-averse environment, the financial system is experiencing deposit outflows, leading banks to scale back lending due to fears of a liquidity crunch. Furthermore, regulators are expected to play a more proactive and stringent role in overseeing and participating in the banking industry to prevent future crisis. The event has worsened recessionary fears, which may result in cuts in banks’ discretionary spending in the near term.
In this report, we provide an in-depth view of the recent banking crisis and assess its impact on various enterprises across geographies. We also explore its implications on the Banking and Financial Services (BFS) Business Process Services (BPS) market and highlight potential pockets of opportunity for providers.
Scope
Industry: Banking and Financial Services (BFS)
Geography: global
Contents
In this report, we:
Describe the recent banking collapses in the US and Europe
Examine the impact of these collapses on various banking segments and geographies
Explore the crisis’ implications on the BFS operations outsourcing industry and identify potential areas of opportunity for providers
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