Greenwich Associates: Banks' Fight for Deposits Influencing Commercial Lending Decisions, Curbing Some Rate Increases
October 04, 2023
October 04, 2023
STAMFORD, Connecticut, Oct. 4 -- Greenwich Associates, a division of CRISIL, issued the following news release:
Banks' competition for deposits appears to be having an impact on bankers' pricing decisions and slowing increases in rates on corporate loans--at least slightly.
SOFR spreads on floating-rate commercial loans fell in Q2 2023 to the lowest point since the start of 2022. At least some of that spread contraction can be attributed to bank efforts to ste . . .
Banks' competition for deposits appears to be having an impact on bankers' pricing decisions and slowing increases in rates on corporate loans--at least slightly.
SOFR spreads on floating-rate commercial loans fell in Q2 2023 to the lowest point since the start of 2022. At least some of that spread contraction can be attributed to bank efforts to ste . . .