The recent pandemic have had an impact on economies around the world. The US is one of the hardest hit nations. The pandemic also affected the ways the institutions would be operating from now on. Comment on how the pandemic has had an impact on INVESTMENT BANKS in USA
The economic environment has severally impacted clients of Investments Banks.Market volatility,volume spikes and demand for services alone would challenging for Investment Banks to navigate.The introduction of remote work has complicated the environment further.Most firms have the vast majority of Investment banks staff working from home,including,notably,substantial portions of their sales and trading front-office workforce.With what has been essentially an overnight and prolonged shift to work from home,Investment Banks have faced challanges in provisioning equipment at scale,supervising remote staff,enabling collaboration and establishing business as usual in this extraordinary environment.
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