Executive summary

Bankers forecast a rough economy in 2026

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Bankers are kicking off 2026 with fears of mounting stagflation in the U.S. and both a domestic and global recession looming, according to findings from new American Banker research.

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Top questions answered in the research

  • What's the biggest threat to the banking industry in 2026?
  • Just how likely do bankers think stagflation and/or a recession is in the U.S. across the coming months?
  • How has confidence in the Federal Reserve changed under the Trump administration?

Key takeaways

  • Close to 70% of bankers see opportunities and pitfalls with open banking technology.
  • Most banks and credit unions feel prepared to weather new risks from deregulation.

This five-part series dives into the data using interactive charts broken out into these main themes: Forecasting economic changes in the coming year, policy predictions and concerns, emerging technology trends, M&A competition within the financial services space, and fraud and cybersecurity.

Featured charts

Forecasting banking shakeups

Which banks are best prepared against deregulatory risks?


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