Small Business Lending Gives A Boost To Banks
from the St Louis Fed
– this post authored by Carl White, Senior Vice President, Supervision
The recession that has accompanied the coronavirus pandemic has hit most sectors of the U.S. economy hard, and commercial banks are no exception. Through the first half of 2020, profits sharply declined from their year-ago levels as banks worked with loan customers through deferrals and modifications, new loan demand fell, and banks set aside more funds for anticipated losses.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202010120539
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