The COVID-19 pandemic has significantly affected the banking sector, including the shifts in consumer preferences, changes in depositor behavior, and changes in loan demand and supply. Banking stocks were impacted during COVID-19. In the period from 01 December, 2019 to 30 April 2020 — most banks saw a price slump in mid-March. In your response, I hope you can
1) evaluate the negative impact of a pandemic on the banking sector,
2) analyze the underlying reasons, and
3) provide recommendations to bank managers and regulators.
You can use the information from this website: https://www.fdic.gov/analysis/academic-challenge