US banks' net gains from loan sales fell for the first time since in a year as elevated interest rates continued to depress market pricing. In the third quarter, US banks reported $1.70 billion in net gains on sales of loans and leases, according to S&P Global Market Intelligence data. That was down from $1.80 billion in the prior quarter, but still well above $365.4 million in...
READWeak loan growth is posing a headwind once again as US banks get ready to post third-quarter results, with hopes still hanging on rate cuts to spur credit demand in future periods. Loans across domestically chartered US banks inched up just 0.4% from June 26 to Sept. 25, according to weekly data from the Federal Reserve, and were up 0.5% after seasonal adjustment. Bank credit g...
READDelinquencies on loans at large banks backed by nonowner-occupied commercial real estate properties rose again in the second quarter, as the segment continued to be a unique area of concern for the biggest lenders. For banks of most sizes, the delinquency rates are similar for commercial real estate (CRE) loans on owner-occupied and nonowner-occupied properties. But for banks l...
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