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Bank Industry Risk Analysis: U.S. Banks Struggle Against Worsening Credit And Economic Conditions Jan 09 Product Image

Bank Industry Risk Analysis: U.S. Banks Struggle Against Worsening Credit And Economic Conditions Jan 09

  • Published: January 2009
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Bank of America Corp.
  • Citigroup Inc.
  • JPMorgan Chase & Co.
  • Morgan Stanley
  • Wells Fargo & Co.
  • MORE

Abstract
Capital is adequate, although somewhat below recent historical levels Insured core deposits provide a relatively stable source of funding Strong business, geographic, and product diversification A robust regulatory oversight and accounting framework Generally good liquidity for core deposit-funded institutions Notable deterioration in credit quality High exposure to troubled mortgage assets and commercial real estate (CRE) Intense competition across the industry Cyclically low profitability The U.S. banking system has entered an exceptionally difficult time as it confronts a prolonged downturn in the credit market and the economy. Since the second half of 2007, the industry has experienced widespread credit deterioration, which along with the weakening economy and illiquid credit markets has contributed to a notable rise in bank failures after several...

Companies mentioned in this report are:
- Bank of America Corp.
- Wells Fargo & Co.
- United States of America (Unsolicited Ratings)
- Morgan Stanley
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.

Standard and Poors RatingsXpress Credit Research provides READ MORE >

- Bank of America Corp.
- Wells Fargo & Co.
- United States of America (Unsolicited Ratings)
- Morgan Stanley
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.

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