Banks Worried Low Rates Will Cut Margins and Not Spur Borrowing

·Mar. 17, 2020·1 min read

The Fed took the unprecedented step of cutting rates to near zero to help ease the blow of Coronavirus and keep banks lending; banks are worried the low rates will not boost borrowing and margins will get crushed; “We are in unprecedented times for rates,” said Robert Meyer, President and CEO of the $113 million-asset Wayland State Bank in Mount Pleasant, Iowa, to American Banker. “I’m worried we’re setting a standard that’s just dangerous.”; cutting costs will most likely be the most effective route for bankers as they try to avoid a similar fate to what happened to European lenders with negative rates. American Banker

Emily Donato

With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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