When Will Credit Cracks Widen?

Credit quality will get a lot of scrutiny as banks report 3Q earnings. We also look at a new Fed report on its supervision of the failed Silicon Valley Bank.

It’s Monday, Bank Slaters!

I’ll be at the American Bankers Association’s Annual Convention, Oct. 8-10. If you’re going, let me know. It would be great to catch up and get your perspective on the banking climate. I also have a great Q&A with Julieann Thurlow, CEO of Reading Cooperative Bank and incoming ABA chairman, set for next Monday.

Let’s talk about credit quality.

Several regional banks have prepared us for elevated third-quarter chargeoffs that they have characterized as outliers.