The banking system put profits over prudence before the Global Financial Crisis, but prudence over profits after.

Question

Quizplus · Accepted Answer

This statement reflects the general consensus that many banks became too focused on maximizing profits through risky investments and practices leading up to the 2008 Global Financial Crisis. Afterwards, many banks shifted their focus towards being more cautious and prioritizing prudence in their operations.

The Banking System Put Profits Over Prudence Before the Global