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With multiple business sectors reeling from the pandemic, banks are facing tighter net interest margins, provisioning more for losses and seeing their balance sheets expand, the agency said in a report.June 29
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With rates so low — after steep emergency Federal Reserve cuts in response to the pandemic’s fallout — banks will struggle to generate bread-and-butter interest income and asset-sensitive lenders will face substantial net interest margin contraction this year and next, analysts say.May 18
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The group that worked with the Fed to devise an alternative rate to Libor rejects criticism that the index favors megabanks.May 11
Co-ChairOutreach and Communications working group of the Alternative Reference Rates Committee
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Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.May 4
Chairman and Co-founderSignature Bank of New York
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The Fed’s decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen.March 3
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Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.February 7
Co-Founder and CEONations Lending Corp.
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While his focus is on organic growth in Texas and California, Curt Farmer says he would consider a deal in those states if the right one comes along.January 2
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Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows.November 27
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Banks need to manage margins more actively — including the use of new modeling technology — in the current low-interest-rate environment.November 25
Senior Director of North American DepositsNomis Solutions
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Muneera Carr, Comerica's CFO since 2017, will leave in October and James Herzog, who had been the bank's treasurer, will serve as interim CFO until a successor is named.September 16
