News Topic: Credit quality
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Credit unions wary despite record-low delinquencies
Are subprime consumer lenders headed for a reckoning?
M&T warns on commercial exposure, gives thumbs-up on consumer loans
Beneath JPMorgan’s solid credit trends, some early signs of weakness
U.S. has more credit cards than ever after issuance surge in 2021
Commercial loan performance is all over the map in pandemic era
Flat credit card growth at JPMorgan Chase bodes ill for other issuers
Spotlight on loan growth — or lack of it — as earnings season kicks off
Mortgage distress likely to climb after forbearance ends, researchers find
The credit-quality kicker in the Banc of California-Pacific Mercantile deal
Veteran of '08 crisis says conditions are ripe for a repeat
Cullen/Frost holds off on reserve release, will add branches in Dallas
Credit outlook brightens, but recovery hinges on vaccinations: ABA
Bank economists predict further improvement in the quality and availability of consumer and business credit now that a third stimulus package has been approved. Still, COVID-19 vaccine distribution will determine how quickly the U.S. economy rebounds. ]] ... Read full article
Regional banks wonder: When’s the right time to release loss reserves?
M&T Bank, Citizens Financial and Huntington Bancshares are playing it safe even as some of their counterparts have started to trim allowances in response to government stimulus efforts and rapid progress in the rollout of the coronavirus vaccine. ... Read full article
How the pandemic has changed small banks' views of CRE
Community banks, which for years have relied heavily on commercial real estate lending, have been tightening underwriting standards, conducting more-frequent loan reviews and stepping back from certain subsectors to minimize their credit exposure. ... Read full article
SVB discloses potential fraud tied to $70M loan
The California company said the issue involves a line of credit it funded earlier this year and that it is working with law enforcement authorities on the matter. ... Read full article
Stimulus, excess savings temper demand for personal loans
Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon. ... Read full article
Malvern Bancorp to record bigger provision for troubled New York loan
The move will force the Pennsylvania company to report a bigger loss for its fiscal fourth quarter and restate its annual report with the Securities and Exchange Commission. ... Read full article
Why so few banks are unloading problem loans
The paucity of distressed-loan sales indicates that most bankers are confident about the underlying health of their portfolios even as the pandemic lingers and loss reserves remain elevated. ... Read full article