security

October 1, 2020

Commercial Real Estate Sees Rise in Delinquencies, Defaults

Commercial real estate (CRE) loans in bank portfolios are showing stress related to the economic downturn and signs that some borrowers are already expecting to default […]
October 1, 2020

August New Business Volume Down 24%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for August was $7.0 billion, down 24% […]
September 10, 2020

Consumer Confidence Falls to 6-Year Low

The Conference Board Consumer Confidence Index fell to its lowest level since 2014 in August.  This is likely due to a combination of increased COVID-19 cases […]
September 10, 2020

The Scramble to Stop Pandemic Loan Fraud

Banks filed an abnormally high number of reports of suspected business loan fraud in July, according to government data analyzed by the Project On Government Oversight […]
June 8, 2020

Economy Will Improve but Remain Distressed

Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment […]
June 8, 2020

The US Economy is in a Recession

Today, the National Bureau of Economic Research said the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about […]
May 19, 2020

Fed Warns of Widespread Business Failures

Federal Reserve officials warned the virus outbreak and a partial shutdown of the U.S. economy would result in a decline in the current quarter of historic […]
May 19, 2020

Credit Card Spending Down 40%

Spending on JPMorgan Chase & Co. credit cards plunged 40% for the average U.S. family at the start of the coronavirus slowdown, an “enormous” drop that […]
May 19, 2020

Bankers Expect Recession Into 2021

Even as states begin to lift stay-at-home orders in hopes of jump-starting their sagging economies, many banking executives are bracing for a prolonged slowdown that could […]