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Demand for loans by consumers and businesses grew in the first quarter, according to a Federal Reserve report released Wednesday.
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Many community bankers are said to have gained confidence from the fact that they have made it this far under adverse conditions.
January 27
Chief financial officers are feeling more upbeat about the direction of the U.S. economy, according to a new survey
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Half of the survey respondents also anticipated increasing capital spending, primarily in technology and existing facilities, due to an expected uptick in revenues.
"The increased appetite for capital investments confirms our view that businesses are finding ways to thrive in the 'new normal' economy," Greg Braca, TD Bank's and head of corporate and specialty banking, said in a press release.
The survey also found that less than a quarter of executives at companies with cash stockpiles have plans to spend those funds this year.
Government regulation and business competition topped the list of CFO concerns, followed by frustration with political gridlock on Capitol Hill.
TD Bank polled 300 senior finance executives across the East Coast, including CFOs, comptrollers and treasurers.