Pockets of Credit; Middle-market Banking  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8760 (Nov. 2011), page 69-70.
Topik: Commercial Credit; Business Conditions; Financial Institutions; Banking Industry; Economic Crisis

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Consider the priorities of the leaders of big American financial institutions in the aftermath of the financial crisis. They must cope with a deluge of murky new rules, respond to reams of litigation, reorganise mind-boggling capital structures, pacify anti-banker mobs (and anti-banker reporters), and cut compensation while artfully preserving their own perks. Put simply, says the head of one vast and troubled financial institution, risk must be reduced, liquidity increased and costs controlled. Missing from the list: providing credit for borrowers. One of the many vacuums this emphasis has produced is for middle-market lending - a statistically murky category whose rough definition could be credit for companies small enough to lack access to public markets but big enough to require vastly more funding than informal channels such as friends and family could provide. Not long ago this was prime territory for banks. It has not been entirely abandoned. GE Capital, CIT, SunTrust, Wells Fargo, US Bank and Bank of America are significant participants. But thousands of smaller banks, once a mainstay of this market, are no longer in business. Others have merged and lend less to midsized firms than their constituent parts once did.

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