Certainty of Execution
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Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
With deposits in decline, as Americans spend down their remaining stimulus funds, banks are once again faced with finding creative ways to satisfy liquidity requirements. For the majority of banks, that means turning to FHLB (Federal Home Loan Bank) for overnight loans to keep reserve levels adequate when they have less cash on hand.
The turning of the consumer credit cycle is here, and as default rates and delinquencies increase, credit card debt could stay high for years.
