In 2008, the financial crisis did its best to dissolve the American economy. An overabundance of confidence in our financial security led to decisions that crippled the banking industry with foreclosed assets and extensive credit quality deterioration.
Six years later, wisdom gained through hindsight has helped the industry understand what caused the crisis, rebuild institutions, and put preventative measures in place. Make no mistake; banks are still burdened by ongoing margin pressure, risk and regulations. But we’ve found cautious optimism, and can see light at the end of the tunnel.
Our team has identified five key opportunities that can help banks win in the economic upturn: