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Lending Slowed, Economy Cooled After Bank Failures, Fed Report Shows
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wsj.comConsumers and businesses borrowed less as overall economic growth flattened in the weeks since two mid-March bank failures sparked financial turmoil, the Federal Reserve said in a report Wednesday.
Banks in several parts of the country tightened lending standards and raised concerns about liquidity and uncertain expectations for future growth after Silicon Valley Bank and Signature Bank collapsed, some of the Fed’s 12 regional reserve banks reported.
Read more on wsj.comAbout this in other media
Fed, NYDFS assess their supervisory performance after March’s big bank failures cointelegraph.com /11 months ago
Fed report on SVB collapse faults bank's managers — and central bank regulators cnbc.com /11 months ago
Hong Kong regulator requires banks to open accounts for crypto firms cointelegraph.com /11 months ago
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