5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023
South State Correspondent
JANUARY 4, 2023
Higher rates and a slowing economy mean banks need to be more accurate in their probability of defaults and loss given defaults. Banks need to spend more resources to ensure their credit view is accurate. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes.
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