Phoenix Management Services’ Q4/20 “Lending Climate in America” survey projected a slow and choppy recovery from COVID-19. Lenders expect reduced business opportunities and deterioration of their portfolios to be the greatest risks to their institutions.
COVID-19 will continue to have a major effect on U.S. performance throughout 2020, according to a survey from Phoenix Management. In addition, the survey found that 44% of lenders expect their loan portfolios to remain stable in Q4/20, while 32% expect their loan portfolios to decline.
The COVID-19 pandemic has created pessimism in the U.S. economy’s near-term performance, according to a survey from Phoenix Management. The survey revealed 100% of lenders expect an increase in bankruptcies and loan losses.
Lenders believe the coronavirus pandemic will be the leading economic driver in 2020, according to a survey from Phoenix Management.
Phoenix Capital Resources served as the financial advisor and investment banker to Carroll Consultants in its merger with Cafaro Greenleaf.
Results from the Q3/17 Phoenix Management lending survey showed a marked shift in lenders outlook on the U.S. economy in both the near and long term.
Phoenix Management Services announced that Michael Jacoby, senior managing director and shareholder of the firm, will be inducted to The American College of Bankruptcy as a fellow.