Lending officers at banks reported that the tightened standards in loans to businesses and consumers in the first quarter, according to the Senior Loan survey.
The numbers: Lending officers at major banks told the Federal Reserve that in the first three months of the year they tightened standards and saw reduced demand. The banks said they expected the tightening trend to continue all year.
Key details: In the first quarter Senior Loan Officer Opinion Survey, respondents reported tighter standards and weaker demand for commercial and industrial loans to all sizes of firms. There were tighter standards for all forms commercial real estate loans. “Banks cited a less favorable or more uncertain economic outlook, reduced tolerance for risk, deterioration in collateral values, and concerns about banks’ funding costs and liquidity positions,” the survey said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northwind Group steps up commercial lending in NYC as banks get cold feetPrivate equity firm Northwind recently provided a $313 million construction loan for long-stalled 125 Greenwich St. to Fortress Investment Group, which can now complete the 80-story condo tower whe…
Read more »
Fed Survey: Banks reported tighter standards and weaker demand for loansThe Federal Reserve (Fed) released the April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, which has become more relevant in the
Read more »
Loan standards tighten, demand dips in Q1: Fed senior loan officer survey By Investing.com*LOAN STANDARDS TIGHTEN, DEMAND DIPS IN Q1: FED SENIOR LOAN OFFICER SURVEY
Read more »
MakerDAO boosts DAI lending capabilities via Spark Protocol roll-outMakerDAO has introduced Spark, a DeFi lending protocol that enables users to borrow dai (DAI) stablecoin.
Read more »
Recession risks rise for Biden and DemocratsThe latest bank lending survey shows further contraction.
Read more »
Deonte Banks out to prove Giants right for picking him in first roundDeonte Banks didn’t act like big man on campus surrounded by lower draft picks, undrafted free-agent signings and dozens of rookies.
Read more »