US regional banks face a reckoning
Snippet of Article: "The Fed wants to whip regional lenders into shape, fearing a ticking time bomb in the souring commercial real estate market...Michael Barr, shared the Federal Reserve’s direction of travel in a speech to the Columbia Law School annual banking conference in February. The writing is on the wall for regional banks: more scrutiny, more supervision, more rules. ...Given that regional bank chiefs had an easier ride under the Donald Trump administration, they must be crossing their fingers and toes that, come November 5, the White House turns from blue to red."
Source: www.thebanker.com
