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2012 U.S. Banking Outlook: Slow Growth And Europe's Woes Paint A Dim Picture Dec 11 Product Image

2012 U.S. Banking Outlook: Slow Growth And Europe's Woes Paint A Dim Picture Dec 11

  • ID: 2033046
  • December 2011
  • Region: Europe, United States
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Bank Corp.
  • BNL U.S. Corp.
  • Delta Financial Corp.
  • J.P. Morgan & Co. Inc.
  • Midlantic Corp.
  • SouthTrust Corp.
  • MORE

Abstract
For banks, as for the market at large, slow economic growth is likely to be the dominant issue in the year ahead. Credible factors that can spur meaningful economic expansion in 2012 have diminished, even as the Fed has stated that the economy has been expanding moderately so far in the fourth quarter of 2011. While domestic risks may have diminished somewhat, the bigger question is how much the world economy will slow down. In this context, Standard & Poor's Ratings Services thinks 2012 will be a challenging year for the U.S. banking industry. Continued debt reduction by corporations and households, slowing trade flows, and extremely low interest rates could all add to the difficulties. Meanwhile, contagion from Europe's sovereign...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Massachusetts Development Finance Agency
- Nellie Mae Corp.
- AmSouth Bancorp.
- Bank One Corp.
- BOK Financial Corp.
- Bank of Hawaii Corp.
- BankBoston Corp.
- Bank of New York Mellon Corp.
- Bank of North Dakota
- BankAmerica Corp. (Old)
- Deutsche Bank Trust Corp.
- Barnett Banks Inc.
- Boatmen's Bancshares Inc.
- CIT Group Inc.
- Central Fidelity Banks Inc.
- Citicorp
- Comerica Inc.
- Commerce Bancshares Inc.
- Continental Bank Corp. Inc.
- CoreStates Capital Corp.
- Downey S&L Assn.
- Regions Financial Corp.
- U.S. Bancorp (The)
- First Commerce Corp.
- First Financial Bank FSB, Stevens Point,WI
- BancWest Corp.
- Allfirst Financial Inc.
- National City Bank Kentucky
- First Security Corp.
- Wachovia Corporation
- Signature Group Holdings Inc.
- BMO Bankcorp Inc.
- MGIC Investment Corp. (Unsolicited Ratings)
- Banc One Wisconsin Corp.
- HSBC USA Inc.
- M&I LLC
- Mercantile Bancorporation Inc.
- Mercantile Bankshares Corp.
- Meridian Bancorp Inc.
- Bank of America Corp.
- National City Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- PNC Funding Corp.
- Private Export Funding Corp.
- Republic New York Corp.
- Security Pacific Corp.
- State Street Corp.
- Summit Bancorp
- UMB Financial Corp.
- U.S. Bancorp (Old)
- SunTrust Bank Holding Co.
- Banc One Arizona Corp.
- Washington Mutual Bank, Seattle
- WFC Holdings Corp.
- Zions Bancorporation
- AmSouth Bank, Birmingham, AL
- ANZ (DE) Inc.
- Deutsche Bank Trust Co. Americas
- Natexis U.S. Finance Corp.
- BNP U.S. Finance Corp.
- BBVA Compass Bancshares, Inc.
- Citibank N.A.
- Commerce Bank N.A.
- CoreStates Financial Corp.
- Countrywide Home Loans Inc.
- Dresdner U.S. Finance Inc.
- First American National Bank, Nashville, TN
- Banc One Financial Corp.
- First Interstate Bank of Nevada, Las Vegas
- Wachovia Bank of Georgia N.A., Atlanta
- BankBoston N.A.
- Citibank (West) FSB
- First Horizon National Corp.
- First Union National Bank of Florida, Jacksonville
- Fleet National Bank
- GE Mortgage Insurance Corp. of NC
- Genworth Mortgage Insurance Corp.
- Government Development Bank for Puerto Rico
- Hibernia Corp.
- Huntington Bancshares Inc.
- J.P. Morgan & Co. Inc.
- HSBC Bank USA N.A.
- Michigan National Corp.
- National Australia Funding (DE) Inc.
- National City Credit Corp.
- Old Kent Financial Corp.
- BNP Paribas Finance Inc.
- PNC Bank, National Association
- PMI Mortgage Insurance Co.
- Republic Mortgage Insurance Co. (Unsolicited Ratings)
- Riggs National Corp.
- Societe Generale N.A. Inc.
- SouthTrust Corp.
- Chase Bank of Texas
- Toronto-Dominion Holdings USA Inc.
- U.S. Central Federal Credit Union
- Verex Assurance Inc.
- First Union Corp. of Virginia
- MUFG Union Bank, N.A.
- Riggs Bank, N.A.
- American National Bank & Trust Co., of Chicago, IL
- Wells Fargo Bank Northwest NA
- Bank of America NW, N.A.
- U.S. Bancorp
- Wells Fargo Bank of Arizona, N.A.
- Wilmington Trust Co. DE
- First Tennessee Bank N.A. Memphis
- Fifth Third Bank Michigan
- BMO Harris Bank National Assn.
- Fifth Third Bank, Cincinnati, OH
- Synovus Bank
- Mark Twain Bancshares Inc.
- Wells Fargo Bank N.A.
- Regions Bank
- Compass Bank
- Sunwest Bank of Albuquerque N.A.
- Manufacturers & Traders Trust Co.
- LaSalle Bank N.A.
- SunTrust Bank, Central Florida N.A., Orlando
- Fort Wayne National Bank, Fort Wayne, IN
- Bank South N.A., Atlanta, GA
- National City Bank, Cleveland, OH
- Comerica Bank
- Zions First National Bank, Salt Lake City, UT
- BOKF N.A.
- Imperial Bank
- Wells Fargo Bank (Texas) N.A.
- Bank of Hawaii, Honolulu
- BNL U.S. Corp.
- BNZ N.A. Inc.
- CCB Financial Corp.
- Citibank (South Dakota) N.A. Sioux Falls
- NationsBank, N.A. (South)., Atlanta Ga
- Compagnie Bancaire USA Finance Corp.
- Credit Agricole U.S. Inc.
- Calyon North America Inc.
- Fifth Third Bancorp
- First Fidelity Inc.
- First Interstate Bank of Oregon N.A., Portland
- First Security Bank of Idaho, N.A.
- First Virginia Bank, Falls Church
- Huntington National Bank
- Bank One Wisconsin
- Midlantic Bank, N.A., Newark, N.J.
- Bank of Tokyo-Mitsubishi UFJ Ltd. (New York Branch)
- Bank of America N.A.
- SBNSW (DE) Inc.
- KeyBank N.A.
- BB&T Corp.
- SunTrust Bank
- UMB Bank N.A.
- York Bank & Trust Co.
- UBS AG (NY Branch)
- SunTrust Banks Inc.
- KeyCorp
- Deposit Guaranty Corp.
- SunTrust Bank, Nashville N.A.
- CIC Finance (DE) Inc.
- BNY Mellon N.A.
- Wachovia Corp.
- Liberty National Bancorp Inc.
- Home Savings of America FA, Irwindale, California
- Source One Mortgage Services Corp.
- Skandinaviska Enskilda Banken Funding Inc.
- BHF Finance (DE) Inc.
- Morgan Stanley
- Signet Banking Corp.
- Dauphin Deposit Corp.
- Citibank (New York State), Pittsford
- M&I Marshall & Ilsley Bank
- First American Corp. TN
- Allfirst Financial Center N.A.
- Bank One, Kentucky N.A., Louisville
- Golden West Financial Corp., Oakland, CA
- Union Planters Corp.
- Branch Banking & Trust Co.
- SouthTrust Bank
- Union Planters Bank N.A.
- Colonial Bank
- Meridian Funding Corp.
- Midlantic Corp.
- First-Citizens Bank & Trust Co.
- First National Bank of Omaha
- First Hawaiian Bank
- Banc One Indiana Corp.
- Meridian Bank, Reading, PA
- Summit Bank, NJ
- Banco Santander Puerto Rico
- NationsBank of Texas N.A., Dallas
- Mellon Trust of New England N.A.
- Chase Manhattan Bank Delaware, Wilmington
- Western Corporate Federal Credit Union
- MGIC Mortgage Insurance Corp.
- Old National Bancorp (Unsolicited Ratings)
- Old National Bank
- Bank One, Akron, N.A., OH
- Bank One, Dayton, N.A., OH
- Crestar Bank, Richmond,VA
- RBC Centura Bank
- Magna Group Inc.
- Southwest Corporate Federal Credit Union
- CitiMortgage Inc.
- BancorpSouth Bank
- ASLK-CGER North America Inc.
- SMBC Capital Markets Inc.
- Countrywide Financial Corp.
- FleetBoston Financial Corp.
- First Commercial Corp.
- CCBP International Inc.
- California Housing Loan Insurance Fund
- Banco Popular de Puerto Rico
- Frost Bank
- Central Corporate Credit Union
- Chase Bank U.S. N.A.
- LaSalle Bank Midwest N.A.
- First Union Corp. of New Jersey
- National City Bank, Indiana
- American Express Centurion Bank
- JPMorgan Chase & Co.
- Girocredit Finance Delaware Inc.
- KfW International Finance Inc.
- Genworth Financial Assurance Corp.
- Members United Corporate Fed Credit Union
- Star Bank N.A., Cincinnati, OH
- Lomas Mortgage USA Inc.
- Bank of the West
- Charter One Bank N.A.
- Provident Bank of Maryland, Baltimore,MD
- RBC Bank (U.S.A.)
- Associated Bank N.A.
- Provident Bank
- Hibernia National Bank, New Orleans, LA
- National Bank of Commerce, Memphis
- BBL North America Inc.
- UnitedTrust Bank
- Wells Fargo Bank Minnesota N.A.
- BdN Commercial Paper USA Inc.
- UnionBanCal Commercial Funding Corp.
- Deutsche Bank National Trust Co.
- State of New York Mortgage Agency Mortgage Insurance Fund
- Banca CRT Financial Corp.
- Bank One, Louisiana N.A.
- Chemical Bank New Jersey, Morristown
- American Savings Bank FSB Honolulu HI
- California Bank and Trust
- Washington Mutual Bank
- Citigroup Inc.
- CERA Finance North America Inc.
- M&T Bank Corp.
- Star Banc Corp.
- Fleet Bank of Maine, Portland
- Deutsche Bank Trust Co. Delaware
- First Union National Bank of Georgia, Atlanta
- Nomura Holding America Inc.
- H.F. Ahmanson & Co.
- West One Bancorp
- West One Bank Idaho, Boise
- Glendale Federal Bank FSB, Glendale, CA
- Metropolitan Financial Corp.
- Santander Central Hispano Finance (Delaware) Inc.
- American Residential Mortgage Corp.
- FCC National Bank, Wilmington, DE
- Banco Central Hispano Puerto Rico
- Bay View Capital Corp.
- Banque Worms U.S. Finance Inc.
- BancorpSouth Inc.
- Coast Savings Financial Inc.
- Bayerische Landesbank U.S. Finance Inc.
- National Westminster Bancorp Inc.
- Hypo U.S. Finance Inc.
- TCF National Bank
- Genworth Residential Mortgage Insurance Corp. of North Carolina
- MUFG Americas Holdings Corporation
- European American Bank Uniondale, NY
- Discover Bank
- Fleet Bank-New Hampshire, Nashua
- SunTrust Bank, South Florida N.A., Ft Lauderdale
- Bank One Michigan
- Synovus Financial Corp.
- The Goldman Sachs Group Inc.
- PNC Bank, Delaware
- AGC Capital Inc.
- Banesto (DE) Inc.
- Santander Overseas Bank, Puerto Rico
- Popular Inc.
- Western Financial Bank
- TCF Financial Corp.
- Southeast Corporate Federal Credit Union
- Key Bank of Wyoming
- First of America Bank Corp.
- National City Bank of the Midwest
- First of America Bank Mid-Michigan
- Boatmen's National Bank of Oklahoma
- Radian Mortgage Assurance Inc.
- Compagnie Bancaire USA Funding Corp.
- Popular North America Inc.
- Commercial Federal Corporation
- Santander Holdings U.S.A Inc.
- LaSalle National Corp.
- Doral Financial Corp.
- MBNA Corp.
- Bank United Corp.
- Bank of America Nevada, Las Vegas
- Bank United
- Triad Guaranty Insurance Corp.
- WestLB Finance USA Inc.
- Hudson United Bank
- Fifth Third Bank of Northwestern, Ohio N.A. Toledo
- St. Paul Bancorp, Inc., Chicago, Ill.
- Key Bank of Washington
- Popular International Bank Inc.
- SunCorp Corporate Credit Union
- First Union National Bank of Virginia, Roanoke
- Hudson United Bancorp
- Infinity Casualty Insurance Co.
- Mortgage Guaranty Reinsurance Corp.
- Republic Mortgage Insurance Co. of FL
- United Guaranty Credit Insurance Co.
- Webster Financial Corp.
- Webster Bank N.A.
- U.S. Bank of Nevada, Reno
- U.S. Bank of California, Sacramento
- Eastern Corporate Federal Credit Union
- FirstMerit Bank N.A.
- Dime Bancorp Inc.
- CitFed Bancorp Inc., Dayton, OH
- Student Loan Corp.
- NationsBank of Delaware N.A., Dover
- People's United Bank
- First USA Inc.
- Barnett Bank of Southwest Georgia
- Barnett Bank of Southeast Georgia, NA
- Barnett Bank of West Florida
- Barnett Bank of Volusia County
- Barnett Bank of the Treasure Coast
- Barnett Bank of Tampa
- Barnett Bank of Lake County, N.A.
- Barnett Bank of Palm Beach County
- Barnett Bank of Aluchua County, N.A.
- Barnett Bank of Northwest Florida
- Barnett Bank of Broward County, N.A.
- Barnett Bank of the Keys
- Barnett Bank of Central Florida, N.A.
- Barnett Bank of Highlands County
- Barnett Bank of North Central Florida
- Barnett Bank of Nassau County
- Barnett Bank of Naples
- Barnett Bank of Martin County, N.A.
- Barnett Bank of Tallahassee
- Barnett Bank of Marion County, N.A.
- Barnett Bank of Manatee County, N.A.
- Barnett Bank of Lee County, N.A.
- Barnett Bank of Lake Okeechobee
- Barnett Bank of the Suncoast, N.A.
- Barnett Bank of the St. Johns
- Barnett Bank of Southwest Florida
- Barnett Bank of Polk County
- Barnett Bank of Pinellas County
- Barnett Bank of Pasco County
- NationsBank of Tennessee N.A., Nashville
- First Security Bank of New Mexico, N.A.
- Foothill Capital Corp.
- M&I Bank of Antigo
- M&I Bank of Beloit
- M&I Bank of Cambridge
- M&I Bank of Eagle River
- M&I Bank of Mayville
- M&I Bank of Menomonee Falls
- M&I Bank of Mosinee
- M&I Bank of La Crosse
- M&I Bank of Racine
- M&I Bank South Central
- M&I Central Bank & Trust
- M&I Central State Bank
- M&I Citizens American Bank
- M&I Community State Bank
- M&I First American National Bank
- M&I Lancaster State Bank
- M&I Bank of Southern Wisconsin
- M&I Merchants Bank
- M&I Mid-State Bank N.A.
- M&I National Bank of Ashland
- M&I National Bank of Neillsville
- M&I Northern Bank
- M&I South Shore Bank
- M&I Thunderbird Bank
- M&I Lake Country Bank
- Cupertino National Bank
- Republic Mortgage Insurance Co. of NC (Unsolicited Ratings)
- M&I Bank of Shawano
- M&I Bank of Oshkosh
- M&I Bank Northeast
- M&I Bank Fox Valley
- Firstfed Financial Corp, Santa Monica, Ca.
- Capital One Bank (U.S.) N.A.
- Capital One Financial Corp.
- Corporate Central Credit Union
- Trans Financial Bank N.A.
- Susquehanna Bancshares Inc.
- Washington Mutual, Inc.
- FirstBank Puerto Rico
- Lehman Brothers Securities Asia
- Key Bank of Colorado
- Key Bank of Alaska
- Key Bank of Idaho
- Key Bank of Maine
- Key Bank of Oregon
- Huntington Banks of Michigan
- Huntington National Bank of Indiana
- Huntington National Bank West Virginia
- Carolina First Bank
- California Commerce Bank
- FirstMerit Corp.
- Coastal Bancorp Inc. Houston, TX
- SouthTrust Bank of Georgia NA
- Advanta National Bank
- Ocwen Loan Servicing LLC
- S&T Bank
- Downey Financial Corp.
- National City Bank, Dayton OH
- National City Bank Northwest Toledo, OH
- HVB Finance (Delaware) Inc.
- Bank One, West Virginia, N.A.
- Branch Banking & Trust Co. of South Carolina
- First Chicago NBD Corp.
- Homeside Lending Inc.
- One Valley Bancorp, Inc
- Provident Financial Group, Inc
- Comerica Bank-California
- Comerica Bank-Texas
- Corporate One Federal Credit Union
- Valley National Bancorp
- Valley National Bank
- Fleet Bank N.A.
- HSBC Bank Nevada N.A.
- Fifth Third Bank
- Fifth Third Bank of Central Ohio
- Fifth Third Bank of Indiana
- Fifth Third Bank of Kentucky, Inc. (The)
- Fifth Third Bank of Northeastern Ohio
- Federal Reserve System (Unsolicited Ratings)
- Providian Financial Corp.
- OCWEN Financial Corp.
- National Commerce Financial Corp.
- Radian Insurance Co. (PA)
- Commonwealth Mortgage Assurance Co. of Texas
- United Guaranty Mortgage Insurance Co.
- United Guaranty Mortgage Insurance Co. NC
- CC (USA) Inc.
- Wachovia Mortgage FSB
- GreenPoint Bank
- GreenPoint Financial Corp.
- Astoria Bank
- Astoria Financial Corp.
- PMI Group Inc.
- People's United Financial Inc.
- North Fork Bancorp
- Colonial BancGroup Inc.
- TD Bank US Holding Co.
- Cullen/Frost Bankers Inc.
- North Fork Bank
- First Western Bancorp, Inc.
- Associates Housing Finance Services Inc.
- Citizens Bank of Rhode Island
- Keystone Financial Inc.
- Fifth Third Bank of Northern Kentucky Inc.
- Fifth Third Bank of Western Ohio
- The National Bank of South Carolina, Columbia
- First Commercial Bank, Birmingham
- Whitney National Bank
- Whitney Holding Corp.
- Delta Financial Corp.
- Citizens Bank
- Citizens Republic Bancorp Inc.
- City National Bank Beverly Hills
- City National Corp.
- Citibank (West) Bancorp Inc.
- Commerce Bank NA, Cherry Hill
- Commerce Bancorp, Inc.
- HomeGold Financial Inc.
- First Republic Bank
- Citizens Bank of Massachusetts
- IndyMac Bank FSB
- Firstar Bank U.S.A. N.A.
- Triad Guaranty Inc.
- Fleet Bank N.A., Rhode Island
- Nationstar Mortgage LLC
- Wilmington Trust Corp.
- Civitas Bank
- Branch Banking & Trust Co. of Virginia
- Citibank (West) Holdings Inc
- Firstar Bank Midwest N.A.
- Provident Funding Associates L.P.
- United Guaranty Mortgage Indemnity Co.
- Summit Bank, PA
- CoBank ACB
- Fremont Investment & Loan
- Fulton Financial Corp. (Unsolicited Ratings)
- Santander Bank, N.A.
- NetBank Inc.
- Sky Financial Group Inc.
- Radian Group Inc.
- Citizens Bank Illinois N.A.
- Associated Banc Corp.
- Associated Bank Illinois N.A.
- Charter One Financial Inc.
- Mellon 1st Business Bank
- Commercial Federal Bank
- F&M Bank - Minnesota
- F&M Bank - Wisconsin
- F&M Bank - Iowa
- CMG Mortgage Reinsurance Co.
- E*TRADE Bank
- Advanta Bank Corp.
- BANA Holding Corp
- BMO Financial Corp
- BMO Harris Financing Inc.
- Olympia Financial Corp.
- Santander BanCorp.
- Discover Financial Services Inc.
- Morgan Stanley Bank N.A.
- AgFirst Farm Credit Bank
- First Corporate Credit Union
- Roslyn Bancorp Inc.
- Bank of North Georgia
- Citizens Bank of Pennsylvania
- TD Bank N.A.
- Greater Bay Bancorp
- Greater Bay Bank N.A.
- Constitution Corporate Federal Credit Union
- M&I Bank FSB
- New York Community Bancorp Inc.
- New York Community Bank
- Trustmark Corp.
- Trustmark National Bank
- Chittenden Corp
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Associated Bank Minnesota N.A.
- Independence Community Bank Corp
- Independence Community Bank
- Capmark Financial Group Inc.
- Depfa Bank PLC, New York Agency
- Southwest Bank of St. Louis
- UBS Loan Finance LLC
- First Midwest Bancorp Inc.
- First Midwest Bank
- Silicon Valley Bank
- SVB Financial Group
- OFG Bancorp
- Oriental Bank
- American Express Bank FSB
- Countrywide Bank FSB
- William Street Commitment Corporation
- Asociacion de Empleados del Estado Libre Asociado de Puerto Rico
- Citizens Bank New Hampshire
- Sumitomo Mitsui Trust Bank (USA) Ltd.
- Citizens Bank of Connecticut
- Residential Capital LLC
- Citizens Bank, N.A.
- Centerline Capital Group
- Clayton Holdings Inc.
- Ocean National Bank
- Flagship Bank and Trust
- Bank of Western Massachusetts
- Maine Bank & Trust
- LNR Property Holdings Ltd
- PMI Guaranty Co.
- Wells Fargo South Central N.A.
- Bank of America (California) N.A.
- CapitalSource Inc.
- Lehman Brothers Bank FSB
- Agribank FCB
- PMI Insurance Co.
- Marshall & Ilsley Corp.
- Lehman Brothers Commodity Services
- Bank of America Rhode Island N.A.
- First Niagara Financial Group Inc.
- Wilmington Trust N.A.
- Royal Bank of Scotland PLC (Connecticut Branch) (The)
- RBC Capital Markets LLC

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