Banks Face New Challenges as Texas Rebounds from COVID-19 Shock
Abstract: The banking industry faced significant challenges from the COVID-19 pandemic in 2020, with profitability declining to levels not seen since the 2008–09 financial crisis. While strong economic growth during 2021 is expected as the economy reopens, some credit deterioration and losses are still possible as fiscal stimulus and national forbearance programs end.
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Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2021
Issue: Second Quarter