Saturday, April 13, 2024
CEOWORLD magazine - Latest - CEO Insider - Bank CEOs are expressing concerns about the ongoing banking crisis.

CEO Insider

Bank CEOs are expressing concerns about the ongoing banking crisis.

According to the most recent CEO survey by CEOWORLD magazine Executive Council, the current banking crisis has caused concern among chief executives; however, they are not inclined to switch institutions. A survey was published less than a month after the federal bailout of three regional banks.

“After the recent events, many mid-market CEOs have become more worried about the stability of their banking partners. However, most of them have decided to maintain their relationships, which shows their trust in financial institutions.,” Prof. Dr. Amarendra Bhushan Dhiraj, macro-economist, investment strategy analyst, and CEO at the CEOWORLD magazine, said in a statement. “Despite the persistent optimism of CEOs across various industries, their strategic planning is influenced by economic uncertainty, scarcity of talent, and rising costs.”

The CEO Survey conducted by CEOWORLD magazine Executive Council, the Finance and Banking CXO survey, provides valuable insight into the outlook and priorities of mid-market CEOs for the next 12 months. The survey gathers responses from finance and banking leaders of companies with revenues ranging from $5 million to $1 billion-plus, and 487 CEOs participated in the latest survey conducted during the week of MAY 06, 2023.

Based on the survey results, it was found that mid-market finance and banking CEOs are uncertain about how to respond to the implications of bank collapses. The survey showed that 58.4 percent of chief executives are somewhat or very concerned about their company’s stability. However, despite these concerns, 84 percent of top executives said they plan to maintain their banking relationship with the same institution.

According to the survey, most respondents’ business outlook remains unaffected by fears of a larger banking crisis. The survey findings indicate that the business environment outlook has remained almost the same as the last survey conducted in January.

The survey reveals significant differences in perspective when analyzed by industry. There are growing concerns that the banking collapses could lead to a potential commercial real estate crash. For example, a January survey revealed that 53% of real estate chief executives were highly optimistic about their business prospects. However, the same study conducted in May showed that only 12% maintained the same positive outlook.

However, there is a glimmer of hope as the percentage of manufacturing and distribution chief executives who expressed a very positive outlook for their businesses increased from 23% to 52% during the same period.

Is it possible that the current banking crisis will repeat what happened in 2008, given that it appears, sounds, and feels similar to that time?

Using abductive reasoning, the answer is yes.

Have you read?
The Global Passport Index: The World’s Most Powerful Passports.
Countries With The Most Billionaires, 2023.
Top CEOs in Switzerland, 2023.
Biggest banks in the world, as measured by total assets, 2023.
The World’s Richest Self-Made Women, 2023.
Ready to join the CEOWORLD magazine Executive Council– Find out if you are eligible to apply.

Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact:
CEOWORLD magazine - Latest - CEO Insider - Bank CEOs are expressing concerns about the ongoing banking crisis.
Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at