Banks are lending at a feverish pace - News and Current Events | futures io social day trading
futures io futures trading


Banks are lending at a feverish pace
Updated: Views / Replies:142 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Banks are lending at a feverish pace

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Banks are lending at a feverish pace

America's banks are finally learning to let go -- of cash.

Lending by financial institutions is growing at the fastest clip since the financial crisis, according to data from SNL Financial.

It's a sign of confidence in the economy after the darkest days of the recession, when financial firms, reeling from sour subprime mortgage loans and stricter regulation on capital holdings, largely refused to lend out the money they had.

Lending activity was up last quarter across most of the major banks, including JPMorgan, (JPM) Wells Fargo (WFC), and Citigroup (C) as well as their smaller, regional counterparts such as US Bancorp (USB) and KeyCorp (KEY).

While commercial lending was strongest, consumer auto loans and credit cards also ticked up.

Banks profit: All this lending has propelled bank earnings to near historic highs, a significant feat considering the heightened regulatory environment since the crash and the recent slowdown in bond trading.

Banks earned $40.24 billion in the second quarter, only slightly below the record $40.36 billion the sector made in the first quarter of 2013.

While a jump in merger and acquisitions and initial public offerings certainly didn't hurt, it was loan growth to both businesses and consumers that was most notable.


In recent years, the near zero interest rates gave banks little incentive to issue new loans. Many executives feared the risk of a borrower defaulting wasn't worth the potential reward from the return. The bank wasn't getting paid enough to make loans.

As the economy improves, banks are seeing less risk in lending money out, and as interest rates start to rise, lending will likely accelerate further as banks profit more from loans.

That's hopefully good news for Larry Stottlemyer, who owns Adventure Park USA, an amusement park in New Market, Maryland. He is trying to secure a $3 million loan to build a water park at his business.

Stottlemyer claims it's been nearly impossible to get a traditional bank loan since the financial crisis, especially for a "true small businessman" like himself.

"It's been very, very difficult," he says. "I've had to jump so many hoops and so many hurdles."

Banks are lending at a feverish pace - Aug. 12, 2014

Reply With Quote

Reply



futures io > > > > Banks are lending at a feverish pace

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pace of Tape trader8642 NinjaTrader 7 August 6th, 2014 12:11 AM
Fed says banks eased lending standards in the last three months kbit News and Current Events 0 February 4th, 2014 08:41 PM
American Banks Actually Are Lending Again—to Europe Quick Summary News and Current Events 0 November 21st, 2012 05:00 PM
Why Aren't Banks Lending More? What Both Sides Say Quick Summary News and Current Events 0 January 12th, 2012 05:40 PM
Banks Ease Lending Standards for First Time in Four Years Quick Summary News and Current Events 0 August 16th, 2010 04:20 PM


All times are GMT -4. The time now is 08:50 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.08 seconds with 19 queries on phoenix via your IP 54.160.245.121