The transition to alternative reference rates is in full swing. Here are four key steps to plan for life after Libor.
Browsing: Commercial Lending
While corporate debt is at near-record levels and recent growth has been concentrated in riskier segments, “business debt does not appear to present notable risks to financial stability,” Federal Reserve Chairman Jerome Powell said today in Florida.
Underlying credit and liquidity risks associated with the current point in the economic cycle should be on bankers’ radar screens, the OCC advised today in its Semiannual Risk Perspective report.
The rapid growth is attributable largely to nonbanks. Should this group of loans start underperforming, the risk to the banking sector is relatively low.
A small net percentage of banks reported easing standards and terms for loans to large and midsize firms in the previous quarter, while on net no banks eased standards for small businesses, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
Seven in 10 small business owners are more optimistic than pessimistic, according to the latest Wells Fargo/Gallup survey of small business owners.
“If you’re in Midland, Texas, you’re in the oil business,” says Jay Isaacs. “It doesn’t matter if you have a doughnut shop or a dry cleaners.”
A special report on business banking from the May/June 2019 issue of the ABA Banking Journal.
A look under the hood at Eastern Bank’s Express Business Loan.