Magazine : Archives : 3rd Quarter 2020

Calm Before the Storm

Bank Director’s 2020 Bank Performance Scorecard Click below to see this year’s rankings. Top 25 Banks$50 Billion and Above$5 Billion up to $50 Billion$1Billion up to $5 Billion Last year marked the end of the record-long recovery from the financial crisis of 2008-09, filling the industry’s coffers with profits. It was also, as we now know, the calm before the storm. Dark clouds began to gather in July 2019, when the Federal Reserve lowered the federal funds rate for the first time since 2008. It did so again in September and October. By the end of the year, the Fed...