2023 Banking Crisis: US By the Numbers, 6-Month Update
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Navigating the Economic Storm

2023 Banking Crisis: US By the Numbers, 6-Month Update

/ Brief

After a six-month lull, concerns about the US banking sector are resurfacing. A series of rating agency downgrades of banks heavily exposed to commercial real estate (CRE)—office space in particular—is renewing concerns. Meanwhile, mounting credit card debt and increasing charge-offs may also weigh on small- and medium-sized banks. Lending standards are tightening, and regulators are considering expanded restrictions for at-risk institutions. Uncover the latest troubles in the US banking sector and discover best practices for executives to navigate through uncertain times. 

After a six-month lull, concerns about the US banking sector are resurfacing. A series of rating agency downgrades of banks heavily exposed to commercial real estate (CRE)—office space in particular—is renewing concerns. Meanwhile, mounting credit card debt and increasing charge-offs may also weigh on small- and medium-sized banks. Lending standards are tightening, and regulators are considering expanded restrictions for at-risk institutions. Uncover the latest troubles in the US banking sector and discover best practices for executives to navigate through uncertain times. 

Authors

Dana M. Peterson

Dana M. Peterson Dana M. Peterson

Chief Economist and Leader, Economy, Strategy & Fi…
The Conference Board

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Erin McLaughlin

Erin McLaughlin Erin McLaughlin

Senior Economist, ESF Center
The Conference Board

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Mitchell Barnes

Mitchell Barnes Mitchell Barnes

Senior Economic Policy Analyst
Committee for Economic Development, the public policy center of The Conference Board (CED)

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Hollis W. Hart

Hollis W. Hart Hollis W. Hart

Former President, International Franchise Manageme…
Citi

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