News Topic: Manufacturing industry
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Is Fed taking too long on middle-market loan relief?
The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks. ... Read full article
Manufacturing 'an area we're watching closely': KeyCorp CFO
Don Kimble assured investors Wednesday that the bank is being "very diligent" in lending to an industry some experts say is already in a recession. Echoing other banking executives, he also predicted that consumer lending would drive overall loan ... Read full article
‘It’s time to be cautious’: Fifth Third CEO
Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets. ... Read full article
Banks’ next headache? Loans to manufacturers
Slowdowns in new factory orders and production, largely tied to the trade war with China, could translate to more defaults among industrial clients. ... Read full article
