Universal banking, since it houses diverse products with different asset liability structures and risk profiles, can be considered the most risky. In conventional banking, where universal banking is allowed, banks need to create firewalls so that no asset liability mismatches occur, and internal transfers of funds raised from one type of liability (i.e.
In Germany, GDP plummeted by almost 10% in the second quarter of 2020. The services sector was hit harder than it was during the financial crisis. The first signs of economic recovery are now beginning to emerge, but that recovery will take time and remain fragile. Many enterprises saw their sales drop during the spring, dramatically in some cases.