Fed Reports Bank Deposit Growth, Loan and Leasing Decline in Early April

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases. read more

Majority of Lenders Expect a Recession in 2023 or 2024

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%. read more

Secured Lenders Maintain Positive Outlook Despite Inflation Rate Hikes

According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates. read more

US Middle Market Experienced 11% Revenue Growth in Early Q1/23

According to the Golub Capital Altman Index produced by Golub Capital in collaboration with credit expert Dr. Edward I. Altman, middle-market private companies experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of Q1/23. read more

Grant Thornton: CFOs Remain Optimistic Despite Increasing Worry About Costs

A new survey from Grant Thornton revealed that CFOs remain optimistic about the economy, even as indicators of a potential recession continue to loom. However, while optimism is high, confidence in controlling costs seems to be waning. read more

Small Business Loan Approvals at Big Banks Drop to 13.8% in March

According to Biz2Credit, small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, the lowest figure for big banks since July 2021. read more

Non-Tech Small Business Hiring Increases 1.36% in March

According to the latest CBIZ Small Business Employment Index (SBEI), small businesses, aside from those in the technology industry, are showing resilience and a willingness to hire talent, as well as a seasonally adjusted increase of 1.36% in hiring in March. read more

CoBank: Resilient Labor Market Delays Economic Slowdown

According to a new quarterly report from CoBank, inflation remains the biggest economic challenge ahead, but a strong job market and demand for labor is preventing the economy from cooling too quickly. read more

Service Sector Economic Activity Expands for Third-Straight Month in March

According to the Institute for Supply Management’s latest service report, economic activity in the services sector expanded in March for the third consecutive month, as the Services PMI registered 51.2%. The sector has grown in 33 of the last 34 months, with the lone contraction during that span in December. read more

Bankruptcy Filings Increase Across All Chapters in March

According to data provided by Epiq Bankruptcy, new bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row. read more

KBRA Assigns Preliminary Ratings to Dext Capital’s Third Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, an equipment ABS transaction. Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext Capital. read more

Truckload Spot Market Decreases

According to ACT Research’s recent release of its Freight Forecast, U.S. Rate and Volume Outlook report, the truckload spot market is bottoming as labor capacity slows. read more

Federal Reserve Boosts Rates, Expects Banking Turbulence to Weigh on Inflation

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

White Oak Global Advisors Originates $1.4B in Lending Activity in 2022

White Oak Global Advisors, together with its financing affiliates, originated $1.4 billion of loan transactions across 60 deals in 2022. read more

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