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.
Demand for loans shrank and credit conditions tightened in a Dallas Fed survey of banking conditions released Monday that indicated the sector's March turmoil is having ripple effects on the economy.
"Loan demand declined for the seventh period in a row, and most bankers expect a further deterioration over the next six months," the survey of 63 banks conducted from June 13-21 showed, flagging particular concerns over commercial real estate, which saw the largest increase in loan pricing.
"When asked about credit tightening by commercial real estate category, most bankers reported at least some tightening over the past six weeks, with up to 26% classifying the tightening as 'significant," the survey said.(See MNI INTERVIEW: Global Banks Over-Levered-Ex-Basel Head Ignves)
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.