Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.
“It stands to reason that the recent banking sector jitters will prompt a more aggressive tightening of credit conditions ahead.”a record US$152.85 billion from the Federal Reserve’s discount window, a traditional liquidity backstop, in the week after SVB’s collapse, topping the high reached during the 2008 financial crisis. BofA’s chart below shows how peaks in usage of this discount window relate to peaks in the percentage of banks tightening lending standards for small business.
While Canadian banks are at far less risk, they could be forced to tighten credit conditions as well if recent events lead to a U.S. credit crunch, said Capital. One concern is that Canadian banks have increased their exposure to the U.S. since the Great Financial Crisis, said Capital economist Stephen Brown.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »
Source: fpinvesting - 🏆 43. / 63 Read more »
Source: financialpost - 🏆 7. / 85 Read more »
Source: financialpost - 🏆 7. / 85 Read more »