The US banking industry reported sequential asset growth of 1.4% in the third quarter even as loan growth remained anemic. Altogether, the 50 largest US banks reported a $377.22 billion increase in aggregate assets during the third quarter, with 35 institutions posting asset growth. By comparison, the 50 largest US banks in the second quarter reported asset declines of $128.01 ...
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...
READBrokered deposits fell slightly at US banks in the first half, the same period in which the Federal Deposit Insurance Corp. proposed a mandate that would change the classification rules for determining which deposits are considered brokered. Brokered deposits at US banks dropped as a percentage of total liabilities to 6.2% in the first half from 6.3% in the previous half, accor...
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