News Formal

What bankers in DFW are saying about a possible recession - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Local bankers believe that the job growth and population growth occurring in North Texas will help the region avoid the most severe impact of a recession.

Is the economy in a recession? It depends on who you ask.

Texas overall added 49,500 jobs in October, according to data released Friday by the U.S. Department of Labor. The state has experienced 5.4% job growth over the last 12 months compared to 3.6% for the entire country. Within Texas, Dallas-Fort Worth has added the most jobs. DFW grew at a 6.5% clip over 12 months as of September, the most recent month for which metropolitan labor data is available.

"If you were to simply compare this to 2008, banks have twice the amount of capital they had back then," Birdwell said."I don't think there's near the leverage that there was in the entire system." Rob Holmes, CEO of Texas Capital Bank, said he believes the U.S. is already in a recession based on the"textbook definition" of gross domestic product declining during two consecutive quarters.

"The bank market has been exuberant for a while and a lot of banks have competed aggressively on structure and price," Holmes said."I think the bank market will become much more rational in a slowed economic environment which will create opportunity for us we believe because we think we're in really good shape."

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 525. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

What bankers in DFW are saying about a possible recession - Dallas Business JournalIs the economy in a recession? It depends on who you ask. But bankers agree it is an opportunity for their institutions to gain an edge over competitors and grab market share.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »

Exclusive | DFW new homes sales rise, bucking national trend, but prices fall - Dallas Business JournalDallas-Fort Worth new homes sales climbed higher last month, bucking a trend of declining sales as interest rates have shifted higher. New home prices fell for the second month.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »

New projects in North Texas for November 18, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »

Builders FirstSource appoints Dave Rush to interim CEO - Dallas Business JournalBuilders FirstSource has appointed Dave Rush to serve as interim CEO following the announcement that Dave Flitman would be stepping down from the position.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »

New Poco Fiasco pizzeria coming to Harwood District in December - Dallas Business JournalHarwood Hospitality has introduced 10 restaurants and venues to the 19-city block Harwood District of Dallas.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »