The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth.
Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months.
As part of the closure, the Hong Kong company — whose brand in U.S. banking was closely linked with Mayo — has shut down its widely followed research division.
Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted.
