Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (06/13/2008)
* WASHINGTON (6/16/08)--More than half of national banks tightened commercial and retail lending standards for 2008, according to survey results released by the Office of the Comptroller of the Currency Thursday. About 52% of banks tightened their commercial underwriting standards and 68% tightened their retail standards. Reasons cited for tightening standards include: the overall economic outlook, the downturn in residential real estate, a changing risk appetite and a decrease in market liquidity. Examiners reported that risk in both commercial and retail portfolios has increased over the past year and they expect portfolio risk to continue increasing over the coming year. Factors that contributed to the higher risk include a weakening economy, rising energy costs, turbulence in the secondary credit markets, the downturn in the housing market and anticipation of relaxed underwriting standards over the past few years ...


RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
3 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
4 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
6 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
7 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
7 hours ago