News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Strong Services Shrug off Tightened Bank Lending Standards Now at Recessionary Levels
It’s Getting Harder to Get a Loan
The number of banks reporting tighter lending standards rose in the fourth quarter last year, moving to levels that aren’t usually seen except during recessions. The tightening was greatest for construction and commercial real estate loans, followed by commercial and industrial loans for businesses of all sizes. Consumer loans also tightened, but the changes were less severe than for the other categories. Loan demand fell for businesses and consumers, led by a collapse in mortgage applications.
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