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The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
That’s good news, but banks are still borrowing a lot more from the Fed than they typically do.
First up: the biggest financial institutions. They’re likely to show strong results.
In the wake of the Silicon Valley Bank debacle, the 1984 failure of Continental Illinois remains relevant.
The recent banking turmoil could further tighten credit conditions and slow down the economy.
Bitcoin and other digital currencies are riding a wave of momentum that started last month after tumult in the banking industry.
It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.
Besides testifying in hearings, regulators need to get a few messages across, including that the system worked, a PR executive says.
Examiners are the government employees who monitor a bank’s safety and soundness. What happened in the case of Silicon Valley Bank?
But the probes can’t uncover every problem before trouble erupts.