The U.S economy will grow about 4% over the four quarters of 2021, the strongest growth in nearly two decades after the deepest recession since the Great Depression, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee.
For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.
PNC Bank’s Christmas Price Index, which tracks the cost of a full set of every gift in “The Twelve Days of Christmas,” decreased 58.5% this year to $16,168.14 due to the last four gifts being unavailable in 2020 because of social distancing requirements.
The 2020 ABA Compensation and Benefits Survey collected detailed information on 227 jobs specific to banks, as well as relevant information on compensation policies and practices as of year-end 2019.
The share of household debt to disposable income remained well below the historical average in the third quarter of 2020, despite debt inching up 0.56% and disposable income declining 3.3% as federal stimulus payments tapered off.
Are your customers inquiring more about financing hemp production or alternative energy projects such as solar panels on the farm? From a new ABA/Farmer Mac survey.
The share of commercial real estate loans 30+ days delinquent jumped from 0.9% in April to 5.1% in June. Though that share eased to 3.2% in October, the delinquency rate remains 2.3 percentage points above its April levels.
A data dive into how mobile banking enhances financial inclusion.