2024 Outlook & Considerations for Banking

AFX Advisor Robert Albertson offers his perspective on what lies ahead for the banking sector in 2024. A Weakening Economy Economic consensus had only recently centered on a “soft landing” with no recession and Fed rate cuts as soon as 2024. Both are premature conclusions in my view. Some are now suggesting a recession has […]

The Next Banking Crisis? The Danger of SOFR For Bank Loan Pricing

We have unfortunately experienced three major, yet largely unexpected bank failures this past Spring.  Importantly, they were not related to outsize credit losses, nor inadequate capital, which have been the proximate causes of most such calamities in the past.  Instead, they were rooted in a gross bank “asset/liability management” (ALM) failure.  Surprisingly, I think it […]