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

30 August 2023 / Article

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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. 
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Authors

Dana M. Peterson

Dana M. Peterson Dana M. Peterson

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

Read Bio

Erin McLaughlin

Erin McLaughlin Erin McLaughlin

Senior Economist, ESF Center
The Conference Board

Read Bio

Mitchell Barnes

Mitchell Barnes Mitchell Barnes

Economist
The Conference Board

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Hollis W. Hart

Hollis W. Hart Hollis W. Hart

President (Retired), International Finance Managem…
Citi

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