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Stock impact report

Analysis : Banks were the problem in 2008. This time, they can help [CNNMoney.com]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: CNNMoney.com
Banks were the problem in 2008. They can help this time New York (CNN Business) In 2008, when the global economy was last in tatters, big banks were largely to blame. Their bad bets on subprime mortgages and other loans were what pushed the world into the Great Recession. Since then, banks have become much more financially responsible, thanks to a combination of more stringent rules and regulations and smarter business practices. As a result, financial firms may be the ones to help keep the economy afloat now that it's tanking a dozen years later due to the Covid-19 pandemic. JUST WATCHED We asked workers how the virus changed their lives. Here's what they said Replay More Videos ... MUST WATCH We asked workers how the virus changedtheir lives. Here's what they said 03:55 Loans to small businesses in particular will be key, and experts say banks will need to augment the efforts that Washington has already Show less Read more
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