An NFIB survey of small businesses found that more owners are having difficulty getting a loan after the collapse of Silicon Valley Bank in early March.
of loan officers published by the Fed showed that a growing number of banks tightened lending standards and saw reduced demand in the final three months of 2022.
Fed Chairman Jerome Powell arrives to speak during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Sept. 21, 2022.are in the midst of the most aggressive tightening campaign since the 1980s as they try to crush inflation still running about three times higher than the pre-pandemic average.
About 26% of small business owners who had taken out a loan recently reported paying a higher rate on it, the biggest share since 2006, according to the survey. CLICK HERE TO READ MORE ON FOX BUSINESS Despite the tighter credit conditions, owners said that inflation remained their most important problem, followed by labor quality.
Given those concerns, the NFIB's Small Business Optimism Index fell 0.8 points in March to 90.1, marking the 15th consecutive month that it has been below 98.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ex-SVB bankers on the last days, their departures and what comes nextJake Moseley and Matt Trotter spent more than 35 combined years at SVB.
Weiterlesen »
Warren, Ocasio-Cortez probe major SVB depositors about role in bank collapseSen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez raised concerns over the 'cozy' relationship between Silicon Valley Bank and its biggest customers.
Weiterlesen »
SVB depositors under scrutiny from Elizabeth Warren and AOC: reportSVB depositors including Roku and Roblox are under scrutiny from Elizabeth Warren and AOC for their 'unusually cozy' relationships with the failed bank
Weiterlesen »
The Fed has so far saved the stock market from crashing after SVB: YardeniThe Fed has so far saved the stock market from crashing after SVB's implosion by injecting billions to backstop deposits, market veteran Ed Yardeni says
Weiterlesen »
Lawmakers seek details on 'unusually cozy' ties between tech executives and SVB | CNN BusinessDemocratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender's 'unusually cozy' relationships with its well-heeled clients.
Weiterlesen »
Elizabeth Warren, AOC Ask SVB Depositors to Detail Ties to Bank(Bloomberg) -- Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York sent letters Sunday to 14 of the largest depositors with Silicon Valley Bank that raised concerns over the failed bank’s relationship with some of the venture capitalists and tech founders who made up much of its customer base. Most Read from BloombergBond Market Is Overplaying the Risk of a Deep RecessionApple’s 40% Plunge in PC Shipments Is Steepest Among Major Computer MakersUS Nav
Weiterlesen »