{"id":3875,"date":"2023-05-03T21:46:19","date_gmt":"2023-05-04T01:46:19","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/pullback-in-bank-lending-is-worrying-guggenheims-schwartz-says\/"},"modified":"2023-05-03T21:46:19","modified_gmt":"2023-05-04T01:46:19","slug":"pullback-in-bank-lending-is-worrying-guggenheims-schwartz-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3875","title":{"rendered":"Pullback in Bank Lending Is Worrying, Guggenheim\u2019s Schwartz Says"},"content":{"rendered":"
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\u00a9 Reuters Pullback in Bank Lending Is Worrying, Guggenheim\u2019s Schwartz Says<\/span>
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(Bloomberg) — The recent wave of \u201cidiosyncratic\u201d regional bank failures is stabilizing, but a pullback in bank lending could be a cause for concern, Guggenheim Capital\u2019s Chairman Alan Schwartz said in an interview with Bloomberg Television on Wednesday.\u00a0<\/p>\n

\u201cWhat I\u2019d worry about a little is, we do not yet know how much pressure there will be in bank lending, how much banks will have to pull back because of the duration risk they took,\u201d Schwartz said on the sidelines of the Milken Institute Global Conference in Beverly Hills. \u201cAt the same time, that maybe monetary policy is still tightening while bank credit is tightening a lot.\u201d\u00a0<\/p>\n

Lenders that took on duration risk are having to pull back, according to Schwartz. At the same time, many creditors are building their businesses on floating rate debt, and as their debt costs go up, their ability to pay could go down, too.\u00a0<\/p>\n

\u201cWhat we don\u2019t know is how much tightening there\u2019s going to be,\u201d Schwartz said.\u00a0<\/p>\n

Schwartz is the latest to comment on the potential pullback in lending. Other investors, like Canyon Partners\u2019 Josh Friedman, have warned of \u201ccarnage\u201d in certain parts of the commercial real estate market amid higher interest rates. Turmoil at regional banks could limit access to funding for commercial real estate firms, Friedman said, adding that private lenders could step in as the banks pull back.\u00a0<\/p>\n

Schwartz also pointed out that the current banking crisis is \u201cvery, very different\u201d from the crisis of 2008 and 2009, when over-investment in bad credits and the opaque nature of those assets contributed to the freeze in the banking system.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters Pullback in Bank Lending Is Worrying, Guggenheim\u2019s Schwartz Says (Bloomberg) — The recent wave of \u201cidiosyncratic\u201d regional bank failures is stabilizing, but a pullback in bank lending could be a cause for concern, Guggenheim Capital\u2019s Chairman Alan Schwartz said in an interview with Bloomberg Television on Wednesday.\u00a0 \u201cWhat I\u2019d worry about a little […]<\/p>\n","protected":false},"author":1,"featured_media":3876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-3875","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nPullback in Bank Lending Is Worrying, Guggenheim\u2019s Schwartz Says | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Pullback in Bank Lending Is Worrying, 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