Regional banks must consolidate to survive “imminent” recession, warns US fintech chief
US regional banks now must consolidate to survive the “imminent” recession, warns Yerbol Orynbayev, president of TurmaFinTech. The intervention from Orynbayev, who was Kazakhstan’s deputy prime minister between 2007-2013, follows reports that bank stocks experienced their biggest one-day slide since 2023’s regional banking crisis (Reuters). The dip came swiftly off the heels of president Trump’s […]