COVID-19 threatens the record-long economic expansion and changes the outlook for even well-capitalized and profitable community banks and credit unions.
March 2020 produced a dramatic shift in “business as usual” for these lenders. Many of their customers and employees are now sheltering in place at home. In their communities, businesses deemed non-essential have been shuttered, and local governments are scrambling to address the growing health care needs. In this environment, some community banks and credit unions have closed their branches to protect their staff and the public.
John Toohig, Head of Whole Loan Trading at Raymond James, and Mark Zandi, Chief Economist of Moody’s Analytics have an in-depth conversation about what this all means for the industry.
The default research analysts at Moody's Investors Service have lowered their baseline estimates for the U.S. high-yield default rate.
The U.S. is now in high-season politically.
In terms of US$-denominated supply, corporate bond issuance attained record highs for the month of August.
We’re coming up on six months since COVID-19 turned the world upside down. We are adjusting; however, few things feel normal.
On August 27, the Federal Open Market Committee updated its long-term goals and monetary policy strategy.
In this webinar, we will identify the areas of the country that are best- and worst-positioned in the coming months and years; discuss various themes, trends, and risks that inform our outlook for different regions; and explore what the data are telling us about what is happening in real time.
The issuance of US$-denominated high-yield bonds has already set a record-high for the month of August.
The market value of U.S. common stock now approaches its February 19, 2020 zenith amid the sense that the U.S. is learning to better cope with its COVID-19 handicap.
As repeated many times by Fed Chairman Jerome Powell, COVID-19 is now the driving force behind U.S. business activity.