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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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- Loans and leases in bank credit saw a partial reversal of the prior week’s jump, with -$20B after +$66B in seasonally adjusted terms (non-seasonally adjusted +$14B after +$57B) in the week ending Wed Mar 22.
- This should support the theory that the prior week’s surprise jump came as companies drew on credit lines on worries about limited future access if banks pull them and/or fail. The less than offsetting subsequent decline doesn’t yet show signs of any major credit tightening just yet.
- Details: The overall seasonally adjusted decline was solely in commercial & industrial loans after the previous broad-based increase. Separately, commercial real estate lending, an area with oversized reliance on small banks, slowed to a $2B increase compared to recent weekly averages close to $6B.
- By bank size, most of the seasonally adjusted decline came from large domestic banks whilst small bank assets were flat after a strong increase the week prior.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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