Christie Obenauer’s family-owned bank had a problem. Based in a rural county in western North Dakota, her community had been dealing with the prospect of population decline, but then the North Dakota energy boom brought an influx of newcomers. “It’s a wonderful problem to have.”
Credit standards for leveraged loans continued to deteriorate in recent months, with the share of newly issued large loans to highly leveraged corporations now exceeding peak levels, the Federal Reserve said today in its second report on financial stability. T
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.
Read more from ABA Chief Economist James Chessen.
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.
The ISM Manufacturing Index registered 52.8 points in April, down 2.5 percentage points from the…
Total nonfarm payroll employment grew by 263,000 in April, an increase from last month, according…
The Conference Board Consumer Confidence Index increased 5.0 points to 129.2 in April. The Present…
A special report on business banking from the May/June 2019 issue of the ABA Banking Journal.
“The American economy in general is the best in the world at allocating new capital to rapidly growing sectors, and that’s the number-one thing you want from your banking and financial system,” Cowen says.