Offering asset-based lending can be one of the best ways for regional banks to maintain a competitive edge as more and more join forces to fend off the encroachment of “super power banks.”
The Wall Street Journal reported that, despite a strong economy, regional banks have failed to see an upswing in lending.
Reuters reported that the recent decline of U.S. bank stocks has been particularly unkind to regional banks, and that’s not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington.
The Wall Street Journal reported that regional banks are seeing a slowdown in business and commercial loans as the Fed second rate increase has failed to materialize.