The Paradoxical Legacy Of 2023’s US Banking Crisis

Was America's regional banking crisis a tempest in a teapot? (And yes, the Jamie Dimon joke is intentional.) It depends on how you look at it. It's certainly possible that lending standards could tighten further, tipping various dominoes in the process. CRE is the most obvious candidate. It's also conceivable (indeed, it's probable) that profitability will be constrained for small- and medium-sized lenders going forward. Usage of the Fed's newly-created Bank Term Funding Program continues to hi