Recent News
Margin Pressure
In the second quarter of 2020, net interest margin (NIM) plummeted across U.S. banks as institutions found little opportunity to put excess liquidity to work outside of low-yielding loans.
by Laura Fox
Recent News
The Fed’s Alphabet Soup
In light of the coronavirus and ensuing market volatility, the Fed has been very active with a host of policy changes and funding programs to ensure adequate liquidity and funding to the markets.
by Laura Fox
Recent News
C&I Loans Fall to an 8-Month Low
In PMA’s Winter 2020 Market Outlook, we summarized banking industry data conducted in 2019. Our goal was to identify bank data providing the strongest leading indicators of a recession.
by Laura Fox
Recent News
Banks Face New Rules on Accounting for Credit Losses
In July 2016, the Financial Accounting Standards Board (FASB) issued a new expected credit loss standard for banks and credit unions.
by Laura Fox
Recent News
U.S., China Escalate Trade War
In August, President Trump announced a new 15% tariff on $300 billion of Chinese goods set to go into effect in September and December of 2019.
by Laura Fox
Recent News
Fed Issues Warning About Leveraged Lending
In May, the Federal Reserve released a report that identified rising sales of leveraged loans as a top vulnerability facing the U.S. financial system.
by Laura Fox
Recent News
Regional Banks Agree to Merge
In February, U.S. regional lender BB&T Corp. agreed to buy SunTrust Banks Inc. for $28.2 billion in stock to create the sixth-largest U.S. retail bank. BB&T had $226 billion in assets at the end of 2018, while SunTrust had $216 billion.
by Laura Fox
Recent News
Mortgage Rates Jump to Seven-Year High
In November, 30-year fixed mortgage rates hit their highest level in more than seven years at nearly 5%, up almost 1% over the past year.
by Laura Fox
Recent News
Household Borrowing Hits Record High As Costs Climb
Despite rising interest rates, total U.S. household debt climbed to a record $13.3 trillion in the second quarter of 2018.
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Recent News
Impact of Tax Cuts on Bank Profitability
On December 20, 2017, Congress passed the Tax Cuts and Jobs Act designed to cut taxes on individuals and corporations.
