In the aftermath of the liquidity-related bank failures in March 2023, regulatory agencies and leaders have released numerous statements, including reviews of the failures, updates on supervisory expectations and calls for additional regulation. A few common threads emerged in these statements in the ... READ MORE >
banking
Financial services update: FedNow, banking results, reinsurance disruption
In the latest installment of our monthly financial services update, we take a look at the upcoming launch of the Federal Reserve's instant payment system, banking results for the first quarter and disruption in the reinsurance sector. FedNow set to modernize nation’s payment system The Federal ... READ MORE >
Financial services update: Q4 banking, AI-powered funds, regulatory proposals
In the latest installment of our monthly financial services update, we take a look at banking results from the fourth quarter of 2022, artificial intelligence-powered funds, and two regulatory proposals. Q4 banking results The bank failures of early March have changed the landscape for financial ... READ MORE >
Risk metrics: Monitoring distress in the U.S. financial sector
As this latest episode of banking distress makes clear, the health of the U.S. economy depends on the health of the financial sector. Even if a business seems far removed from Wall Street, trends in the financial markets have important implications on that company’s fiscal health and operations. U.S. ... READ MORE >
Workforce, population shifts are major hurdles for banks: Spring 2022 outlook
At a glance A transforming workforce and the long-term slowing in population growth are likely the greatest threats to many banking organizations. These shifts can have a long-lasting impact on financial institutions that do not act now. Enhancements to current working conditions, company ... READ MORE >
Financial services industry outlook: Spring 2022
Emerging technologies and major shifts in the U.S. labor landscape are among the most significant forces affecting the financial services industry as we look to spring. Whether it’s exploring new ways to use automation, honing a strategic approach to technology investments, or planning employee upskilling ... READ MORE >
Executive order targeting banking M&A expected to bring more scrutiny
An executive order signed by President Biden in early July is expected to bring more scrutiny of banking mergers, a significant development given that the number of deal announcements continues to gain steam heading into the second half of the year. The order encourages the Department of Justice, the ... READ MORE >
Fed sets up $2.3 trillion in liquidity commitments, introduces Main Street Lending Program
The Federal Reserve made history on Thursday by moving aggressively to provide up to $2.3 trillion in liquidity commitments to support the economy. This policy intends to bolster households, small and medium-sized firms, and the ability of state and local governments to float debt to ensure critical ... READ MORE >
How banks can help their customers navigate the coronavirus shock
As banks begin to help their small and midsize commercial borrowers obtain financing under the CARES Act, the reality is setting in just how severely the economy is being disrupted by the coronavirus. Even though the CARES Act provides a stimulus package of $2.39 trillion, or 11.4% of gross ... READ MORE >
Declining demand for commercial loans points to continued uncertainty
Demand for commercial loans softened dramatically in the third quarter, as noted by both the Federal Reserve Bank of New York and Federal Deposit Insurance Corporation, signaling that businesses continue to be cautious about making capital investments amid a not-yet-signed trade deal with China and ... READ MORE >