Banks Wary of Fed’s Main Street Loan Program
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
U.S. Banks Tighten Lending
Business loan standards are tightening because of the uncertain economic outlook, worsening of industry-specific problems, and reduced tolerance for risk.
Banks Faced Slackened Loan Demand in Q3
Many U.S. banks saw weaker business loan demand in the third quarter, leading them to ease underwriting standards.
Banks Easing Standards for Household Loans
Banks moderately eased underwriting standards for some mortgages and auto loans in the fourth quarter of 2015 but tightened on C&I loans.
Earnings Mixed for Large Banks in Q4
A drop in capital markets earnings and heavy costs from defending lawsuits were a drag on universal bank earnings last quarter.