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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 -
The group that worked with the Fed to devise an alternative rate to Libor rejects criticism that the index favors megabanks.
May 11Alternative Reference Rates Committee -
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 4Signature Bank of New York -
Smaller institutions should prepare themselves for some of what the competition has experienced, including increased provisions for losses and declining net interest margins.
April 20 -
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 -
Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.
February 7Nations Lending Corp. -
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 -
Negative benchmark interest rates are becoming commonplace in Europe and Japan. Here’s what US credit unions need to know in case that happens here.
December 3Bonneville Power Administration -
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 -
Banks need to manage margins more actively — including the use of new modeling technology — in the current low-interest-rate environment.
November 25Nomis Solutions