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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

2024 could exceed -$2.0 Credit card and auto delinquencies have risen above pre-pandemic levels. CRE and its depleted value are a problem for many banks, not just NYCB, as vacancy rates for offices top 19% and 190 million square feet of office space is available for sale, lease, or sublease. Tell me that that’s not a bad sign.

Marketing 146
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Compliance changes to watch in 2023

Independent Banker

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks.

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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

We recently conducted a small sample poll, and out of 21 banks, budgets were down an average of 14% for this year. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Usually, a bank spends about 8% of its revenue on IT.

Capital 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market.

Lending 243
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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Expect more deals to be announced in 2024.

Fintech 195