Reported 7 months ago
During the mega annual shareholders' meeting of financial holding companies in Taiwan, it was observed that the economy and business climate are expected to improve in the second half of 2024. However, the delay in inflation and interest rate cuts in the US presents a major challenge for the financial industry's operations. High interest rates are anticipated to continue, affecting bank revenue stability but posing hedging costs for life insurance. Global uncertainties, fluctuating major economies' monetary policies, and market volatility are expected to impact financial market stability, with companies preparing to enhance profitability despite the challenges.
Source: YAHOO