Earlier this year, President Donald Trump and his administration imposed a wide range of tariffs – and have since threatened to inflict more – stoking trade wars with allies and countries that do an immense amount of business with the U.S. such as China.
With the demand for credit by C&I entities having increased in the years following the GFC, lenders need to reduce the lengths of time required to field lending opportunities, underwrite them and document them.
Commercial real estate concentrations at banks and credit unions are becoming a frequent topic of discussion during regulatory exams, according to a poll conducted by North Carolina-based financial information company Sageworks.
Financial institutions largely prefer a historical loss rate method when reserving against pools of commercial and industrial (C&I) loans, Sageworks said in a recent survey.
More than a third of bank and credit union professionals (34 percent) store consumers’ FICO scores on a monthly basis, but given the approaching requirements of CECL, they may want to rethink that approach, financial analysis firm Sageworks said recently.
More than 40 percent of bank and credit union professionals said in a recent survey that financial institutions should begin working on preliminary CECL calculations by the end of next year, the financial information firm Sageworks said this week.
Commercial real estate lending is a primary focus for a majority of financial institutions looking to grow their loan portfolios, according to a new poll out of the North Carolina-based financial information firm Sageworks.
More than a third of leaders at banks, credit unions and alternative lenders prioritize growing their portfolios over other concerns, like reducing credit and exam risk, according to a recent survey conducted by Sageworks.
One-third of bankers and credit unions executives have not yet begun preparations for the Financial Accounting Standards Board’s (FASB) coming Current Expected Credit Losses (CECL) standard, according to a new poll by the financial information firm Sageworks.
Only 35 percent of bankers recently surveyed by Sageworks said they felt confident in their loan pricing process, leading the company to raise concerns about whether bankers could do more to develop a clear pricing strategy.
Four Massachusetts banks were recently judged as among the healthiest in the nation, according to a measure known as the Texas ratio, the financial information firm Sageworks said.
