Banking Turmoil Isn’t Over, Says Commercial Bank of Kuwait CEO
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The current turmoil in the banking industry, which has seen the collapse of four US lenders and the takeover of Credit Suisse Group AG, isn’t over and growth is a concern, according to the chief executive officer of Kuwait’s fourth-largest lender.
“Many things are happening at the same time, so the world is worried,” Elham Mahfouz, CEO of Commercial Bank of Kuwait, told Bloomberg TV in an interview at the Qatar Economic Forum. The tumult “isn’t finished,” she said.