Whittlesey’s Post

Some great insights from Lisa Nelson into Australian consumers' credit situations, how banks and lenders are helping support consumers who are feeling financial strain, and how Australian credit is faring compared to other markets in the The Australian Financial Review this week. https://lnkd.in/eUS-ekiG

Credit tightened in 4Q, but optimism reigns for 2024 among lenders, according to American Banker. The federal funds rate surged from near zero in early 2022 to over 5% by the summer of 2023. Despite this, the Federal Reserve has maintained stability, with the possibility of rate reductions in the upcoming spring. Stay tuned for evolving financial dynamics. #credittightening #lendingoutlook #federalreserve https://bit.ly/48JkK5G

Read this article on Visual Capitalist discussing the commercial real estate exposure of big U.S. banks. Are you keeping an eye on your financial institutions and investments to mitigate risk? Check out the article here: https://lnkd.in/gPQsV-yJ

📈 Credit costs are rising at banks and credit unions making it more important than ever to know where to look for credit cracks and have a better understanding of exposure. Paul Davis shares some thoughts in the latest blog on The Bottom Line. https://hubs.ly/Q02bpKz-0

"Financial institutions have improved their ability to forecast losses, thanks to better models, impactful regulations and voluminous, higher-quality data. However, there are still limitations to loss estimation, and it remains incredibly difficult to predict credit risk amid periods of economic uncertainty." Start your weekend off by revisiting this recent #RiskIntelligence article by Cristian deRitis on the reliability of credit loss forecasting at top banks. #creditrisk #modelingrisk #financialriskmanagement https://lnkd.in/g5Yu62MD

🏢 Treasury Secretary Janet Yellen speaks out on the state of the CRE market. 🏢 In the Treasury Secretary recent testimony she sheds light on the current state of the commercial real estate market. While acknowledging potential stress and losses, she reassures that the situation remains manageable and unlikely to pose systemic risks to the banking sector. Key points highlighted: - Expectations of additional stress and financial losses due to market weaknesses. - Efforts by bank regulators to address risks, particularly concerning post-pandemic vacancy rates and refinancing challenges. - Emphasis on comprehensive monitoring and collaboration with bank supervisors to understand exposures. - Concerns raised about climate change-driven risks affecting insurance availability, potentially impacting financial stability. This insight underscores the importance of staying informed and adaptable in navigating the evolving landscape. For her full testimony check out: https://lnkd.in/gADY-WXF #CommercialRealEstate #MarketInsights #RiskManagement #FinancialStability

Considering a switch from your financial institution? Here's what you need to know about banks and credit unions.

Considering a switch from your financial institution? Here's what you need to know about banks and credit unions.

Considering a switch from your financial institution? Here's what you need to know about banks and credit unions.

Considering a switch from your financial institution? Here's what you need to know about banks and credit unions.