Apr 25, 2020, 11:21am EDT
In the face of the uncertainty and volatility brought on by the COVID-19 pandemic, North Texas executives are working to prepare their companies and employees for a world with slackened shelter-in-place orders and efforts to revitalize a stalled economy.
Dallas Business Journal staff spoke to CEOs and other decision makers based in Dallas-Fort Worth about what they believe may occur in their industries in the near future, what a post-coronavirus world may look like, and what needs to happen to kickstart confidence in the market.
Here’s what they had to say.
“I don’t think we’re going to see a lot of big impacts because they did allow banks to restructure loans without converting them to a TDR, troubled debt restructure. (The government) did give us some latitude to do some deferments, which you’ve seen across the board from landlords to tenants and banks to borrowers. … Probably we won’t see the economic impact of COVID-19 with respect to lending until a little further down the road, (rather) than immediately, which would have been the case had the (government) not done that — which all banks are grateful for.”
-John Steinmetz, CEO of Vista Bank on how they see moving forward this year.
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