Garnet Capital Advisors - Garnet Capital Advisors Blog

Excerpt:

The economy is in a good place for now, but it's also the right time for banks to de-risk their loan portfolios. With a stable economy and interest rate environment, banks should be looking to de-risk sooner rather than later and sell into a hungry or seller's market instead of waiting for a downturn when prices are much lower.
More..

Economy / Rates

The Economy Continues to Be In a Good Place - For Now

November 26, 2019

Excerpt:

Upcoming rule changes in December will impact banks that lend to lower-income borrowers in terms of meeting CRA requirements. This could potentially change how lenders profit from loans in lower-income communities.
More..

Industry Outlook

Rules to Change in December for Lower-Income Lending

November 25, 2019

Excerpt:

The US Treasury is selling bonds at a negative interest rate for the first time. The bonds are inflation-protected, so the interest rate can certainly increase in the future, but for now, they yield a negative 0.550 percent, which mirrors foreign countries that are stuck in slow or no-growth economies.
More..

Economy / Rates

U.S. Treasury Sells Bonds With Negative Interest Rates For the First Time

November 20, 2019

Excerpt:

The relationship between fintech firms and traditional banks might still be a relatively new concept, but such partnerships continue to evolve to benefit all involved, including consumers.
More..

Fintech

Bank-Fintech Partnerships Are Continuing to Evolve

November 19, 2019

Excerpt:

While it has long been assumed that younger consumers don't like or trust big banks, new research suggests that the opposite is true. Big banks and credit unions are still in the game and are still very much in the running to retain current clients and obtain new ones.
More..

Fintech Trending

Younger Generations Still Trust Big Banks

November 13, 2019

Excerpt:

With LIBOR slated to be replaced by SOFR in a couple of years, many banks are concerned about the effects that the transition may have on their bottom line. That said, there are steps that banks should take to prepare for the change, including reassessing their loan portfolios.
More..

Economy / Rates

Lenders Need to Prepare for Life After LIBOR

November 12, 2019

Excerpt:

More..

Consumer L..

The Marketplace for Refinancing Student Loans is Expanding

November 8, 2019

Excerpt:

The CECL standard has now been delayed for all but SEC reporting banks according to a new FASB vote, which will have a major impact on mid-sized and large banks but will be delayed until 2023 for others.
More..

Trending

CECL Has Been Delayed for Most Lenders

November 7, 2019

Excerpt:

Lending is improving for credit unions, particularly when it comes to home, auto, and credit card assets.
More..

Consumer L..

Credit Union Lending is Improving

November 6, 2019

Excerpt:

The Federal Reserve's recent cuts to interest rates have narrowed profit margins for banks. This puts them in a position to make some strategic moves when it comes to their loan portfolios to ward off future risk.
More..

Economy / Rates

Narrowing Margins Leading to Higher Anxiety

November 5, 2019

Excerpt:

Heightened competition among fintechs and narrower margins as a result of low interest rates are prompting banks to focus their attention on fee income and liquidity.
More..