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Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year March madness. Six months on, the craziness has abated, but the industry is scarred and still dealing with its. ....
Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." "We don't want an asset that doesn't come with a full wallet," Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. Rollins' southeastern regional bank is not alone. ....
The regional banking crisis that occurred earlier this year continues to have a lasting impact on the regional banking industry and the economy. The crisis caused a tightening of credit conditions. As a result, credit availability has tightened and loan spreads have widened. Torsten Slok, chief economist at Apollo Global Management, said the banking crisis had "a magnifying effect" on the Fed s tightening but its full impact would come with a lag. ....