The banking system was a headwind in 2023 following the March crisis (bank runs, balance sheet concerns) as banks tightened credit conditions and pulled back to clean balance sheets; however, as rates have declined and the economy has strengthened, banks are in a better position to support lending.
factualpending
Speaker
Neil DuttaEvidence Quote
“the banking industry was a headwind for the economy last year particularly after what happened in March uh obviously you saw a broad tightening of credit conditions and the banks kind of pulling back because they had to clean up their balance sheets”
Created: 8/12/2026, 6:02:32 PM
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