Can corona virus or any other epidemic disease can collapse Banking?

[FanatMonet]

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

Absolutely yes, when we talk about global size catastrophe the value of money goes down and usual rich people invest in diamonds or gold.

Recently, by the way, there was news that the 50 richest people in the world lost $ 444 billion in a week just against the backdrop of the coronavirus, which already claims to be a pandemic, given the very large foci in South Korea, Iran and Italy.

[KrisAlex18]

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

I think yes if the disease like coronavirus becomes more prominent, it would affect our economy, all of the transactions physically will become passive because of the afraid of people to go outside their home, our deals will lessen because of a few people working on it. Well, if there is a virus the becomes so big in a way that it can transfer to the others, of course, most of the people will afraid and that and do not mind our economy.

Unfortunately when a pandemic strikes and it goes around    and strikes country after country not only banks but at the same time everything is bound to collapse , people are leaving their pets behind and fleeing .. the situation is uncontrollable in many countries.

I do think it can for sure cause a surge of prices inflation + at the same time no jobs will cause the whole system to collapse , where there won't be people to give service to or to provide any service to .

Well said mate, if the virus separated to all over the world, then for sure it would be a big disaster, it will really affect our economy, there will be no workers that will go outside, for sure they will only stay on their home.

If there will be no working anymore, then our economy will fall for sure.

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

I believe if it will bring chaos and disaster to the world - whole stock market will be closed, most of exchanges won't work same way.
So if the disease will increase that much to affect market directly in any way - it will be the end of the market, because people won't think about profit but will think about surviving

Indeed, the main thing that would affect this disaster or virus are the people, that would fall our market that leads to failure on our economy. It would be hard for us to recover from the accident if the virus stays so long on our land.

[Betwrong]

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

Absolutely yes, when we talk about global size catastrophe the value of money goes down and usual rich people invest in diamonds or gold.

Recently, by the way, there was news that the 50 richest people in the world lost $ 444 billion in a week just against the backdrop of the coronavirus, which already claims to be a pandemic, given the very large foci in South Korea, Iran and Italy.

There are "fears of a global pandemic", according to some media sources, but I don't think spreading panic is a good idea in this (and in any) situation. Don't listen to journalists, rather see what medical professionals say:
 

A pandemic involves local people transmitting an infection that affects a significant portion of the population. The CDC [The Centers for Disease Control and Prevention] hasn’t determined that the situation with COVID-19 meets those criteria

COVID-19 must be taken seriously, no doubt about that, but panic is never helpful.

Now I have a feeling that this coronavirus can actually make global economic impact, but the reason for that might be not the virus itself, but the misleading media coverage.

[ray_saeed]

If epedimic cant collapse the whole humanity it cant collapse banking too

[bitbunnny]

Everything is possible but that should be really extreme situation. We would need a far more serious and dangerous situation than we are having now with corona virus. If some catastophic scenario appears like plage was in middeval times or spanish flue after the world war I then humanity would really be in trouble and not only banks would be affected but every area of human activities that exist.

[imstillthebest]

Any extreme viruses can affect the whole nation not just the banking industry and maybe a panic will spread out around the world, that can result to a major recession and financial crisis. We are suffering now because of Covid19 and I don’t want to hear more people suffering from this, i hope to find the cure and heal the people and make the market bounce back to the normal.

yeah we all are wishing for that , the recovery of all but right now i still see that the virus still continues to spread slowly on other countries including now on ours  . this trend can affect the banking system especially on those country where virus is strong  but people doesnt have a choice but to continue living  , they still work but only they are wearing mask and other apparatus for protection   . we are now on the future and people already survived harder crisis on the past so as this crises that we currently have now

[ecnalubma]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

[princesspoppy]

I think it can collapse not just banks but the whole economic status of a country. If corona virus will ever infect all countries in the world (which we do not want to happen), all of our economic status will crash and we may even experience global recession. Corona virus is a deadly virus that can be transferred from one person to another with a small interval of time and we are all afraid that it will spread fast and may result to this recession. It will surely affect all countries if it ever happened.

[matchi2011]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

[Google+]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

when many are exposed to the virus it will cause a very high sense of panic some people will certainly make the withdrawal of their assets to secure their assets so that the money in the bank will increasingly run out because many will make the withdrawal of assets.

but maybe there are still people who still let their money in the bank because they think this virus will end quickly because it has found a cure.

[Oceat]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

when many are exposed to the virus it will cause a very high sense of panic some people will certainly make the withdrawal of their assets to secure their assets so that the money in the bank will increasingly run out because many will make the withdrawal of assets.

but maybe there are still people who still let their money in the bank because they think this virus will end quickly because it has found a cure.

I am more concerned about of the world chaos such as world war rather than this kind of pandemic although it is too dangerous if human let this kind of pandemic to revolve without making a cure. If doctors and scientists found the cure already but don't want to release it yet because they want some money then the humanities is gone already.

There are worst epidemic that existed already before but the media are too fund of making it a hot topic almost everyday that it could cause a panic in almost every country. A pankc that would affect the economic of both crypto and fiat.

[Polar91]

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

It can possibly can if it continue spreading. A lot of business were already affected which is the reason why stocks value are continuously dropping as time goes by with Corona virus. On the other hand it'll take a longer time to seek banking collapse as mobile banking are currently existing and cryptocurrency helps is providing the demand for online trasaction.

[FlightyPouch]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

It can affect the bank but I don't think it will collapse it. Banks have ways to do things and they can also do online transactions even without using bitcoin or other crypto currencies. The impact of this epidemic is so huge to the country and it is not the only bank that is affected here but other establishments as well especially their economy.

[awik p]

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

It can affect the bank but I don't think it will collapse it. Banks have ways to do things and they can also do online transactions even without using bitcoin or other crypto currencies. The impact of this epidemic is so huge to the country and it is not the only bank that is affected here but other establishments as well especially their economy.

right, indeed all sectors seem affected by the worldwide corona virus. but I don't think it will break the bank. The bank is a buffer for the country's economy, if the bank collapses, the country's economy collapses. and for now crypto does not play much to the economic survival of a country

[fortunecrypto]

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

That's possible but we are all aware that WHO and other world agency are doing their best to combat this epidemic, but I don't think it can collapse banking banking system, unless the virus will have no cure and become pandemic , but I'm speaking at the present situation, I read that there is now a cure for this virus, hopefully like all the other epidemic it will be wipe out.

[plvbob0070]

Health crisis does affect the economy of a certain country. But it will only collapse depending on how they are going to handle the situation. There are a lot of diseases or viruses that spread in different country before like ebola, sars  but it didn't result to an economy collapse. It's because it's not only that certain country affected are the one fighting for that virus, it's the whole world. They are helping each other to find solution and cure to stop it from spreading.

Corona virus would not reach to that case because China is a powerful country and it's not that easy for their country to collapse just like that. That virus can be dangerous but everyone's taking action for that, quarantine, finding cure, and it's not actually the virus that kills thousands of people. And I think, every country have allotted funds or prepared for this kind of health issues. So this virus would not really cause a great damage to the economy especially in China.

[boyptc]

Some calamities can indeed affect the economy, but Coronavirus is not one of them. Around 3k people have died from it globally, but we know that from 12k to 61k people have died from the flu every year since 2010 in the US alone.

In short, this Coronavirus thing is a vastly over-hyped scare story the media force-feeding their readers and viewers with. It will hardly affect the economy, and surely it will not lead to collapse of banks.

I will not agree to that, Coronavirus may not be a life-threatening disease like others but the issue is with the rate it spreads to others it is being spread to others at a very faster rate like more than one lakh people in the last two months is very high this will prevent from proper functioning of the economy thereby affecting the banks. If it is controlled there won't be any issues but if it is not controlled then it is a serious issue for the economy.

As per the latest news Pfizer has announced that it has come up with the possible treatment for the coronavirus. Let's hope for the best

3k is already a lot of numbers for this case and it is keep on growing globally. The world is dealing with these diseases every time and the economy takes the effect of it.

I just saw the news last time when the global and known stocks came down. That's the indication that this actually hit the economy and everyone became affected.

[markdario112616]

In short, this Coronavirus thing is a vastly over-hyped scare story the media force-feeding their readers and viewers with. It will hardly affect the economy, and surely it will not lead to collapse of banks.

This Corona thing, is quite a thing right now. Well, it hardly affect a lot of people today, emotionally, physically and mentally.

Economic Threat - Given the fact/s, that emotion and mental capacity of an individual are one of the key indicator of a person's buying power. With this status, economically speaking it will have a huge impact. In stocks alone, major/minor players are affected of the downward trend. As fear is playing it hard.

Collapse of Banking/Bank Industry - I think it's far from reality. Banks will not collapse in this type of epidemic. Given that Banks has the or can make it as a advantage/s in this situation. Funding and loan are a thing in this time, as research is quite costly. 

[el kaka22]

What we are forgetting is the simple fact that corona virus is just the last string of a series of diseases in the past decade. I don't remember all diseases in the past 50 years of course but it looks like there has been a frequent outbreak of viruses all the time in the past decade and that kind of scares me.

I am sure corona will do nothing and we will recover from this very easily however do we know if this is the last one? I am pretty sure there will be some more following this and if this virus thing continues for a long time that may result with us finally reaching to a point where it would be too dangerous. I mean collapsing of the banking world would be the last thing in our minds because we may literally reach to a point where whole world is in danger of dying. That would be really scary and I am afraid we are moving towards that faster than before.

[philipma1957]

I do not think that Corona virus is the same risk that the media describe, as the mortality rate did not exceed 3%, while some diseases, such as malaria, kill millions of people in Africa. Perhaps the main goal is to weaken the economy of some countries, make some pharmaceutical companies rich, or even occupy public opinion about many economic failures.
I am not saying that it is fake, but it does not deserve all this media amplification

Malaria does tend to be a tropical disease. Sooo people not in the tropics tend to not fear it. It simply won’t spread  far and wide.

Corona-v can and will spread everywhere on the planet.
It is not crazy kill you dead half the world is going to die.

If it was really super deadly and infected 2/3 of us all making 1/3 of us die.

It would be a huge disaster a ww3 but in a different way.

I think a lot of the fear is was this created by evil scientists 🥼.

If it was it is a homerun.

it spreads easy strikes older people. kids under 12 don’t seem to catch it.

Many will want a shot not to catch it. Money will be made on it.

My fear is if this was a designer virus 🦠 they will come up with another in five to ten years.