Aswath Damodaran says he is a teacher first, who also loves to untangle the puzzles of corporate finance and valuation. The Professor of Finance at New York University’s Stern School of Business says that the current banking crisis is a problem of trust deficit and there will be pain till the lenders regain the trust. In an interview with Business Today’s Global Business Editor Udayan Mukherjee, Damodaran talks about the banking crisis, recession, why regulators put together do not have the resources to stop a complete bank run and why it is healthier for start-up ecosystems not to have too much money. Edited excerpts:
Q: The banking crisis started off with Silicon Valley Bank, followed by Signature and then Credit Suisse. And just when we thought it couldn’t get any bigger, there are concerns about Deutsche Bank. What is the endgame?
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