COVID-19 will create a new generation of zombie

COVID-19 will create a new generation of zombie companies, followed by a wave of business defaults, a bank CEO says

Business Insider

Published 20 Jul 2020

· Piyush Gupta, group CEO of Singaporean lender DBS Bank, said that he expects COVID-19 to create a fresh generation of zombie companies, which will be followed by a wave of defaults.
· "Many companies will find that COVID-19 is not just a liquidity problem. It is eventually a solvency problem," he told CNBC.
· Governments...

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COVID-19 will create a new generation of zombie companies, followed by a wave of business defaults, a bank CEO says

COVID-19 will create a new generation of zombie companies, followed by a wave of business defaults, a bank CEO says

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