The Bankwatch

Tracking the consumer evolution of financial services

Bank survey shows dramatic increase in pessimism in the U.S.

This survey released today asked bank executives in institutions of banks, with 62% of the respondents being from small banks (those with less than $500 million in estimated assets).

The picture is a disturbing turn for the worse as the realities of a new structural unemployment and the impact of government borrowing weighs heavily.

Grant Thornton – Bank Survey – Sept 2010

CHICAGO, Sept. 29, 2010Bankers are again becoming pessimistic about the economy, according to Grant Thornton LLP’s 17th Bank Executive Survey, conducted in conjunction with Bank Director magazine. Only 15% of bank executives believe the U.S. economy will improve in the next six months, while a quarter believe that it will actually get worse. This is a statistically significant drop in how bankers felt about the U.S. economy six months ago when nearly half (45%) said that they expected the economy to improve.

Written by Colin Henderson

September 29, 2010 at 11:56

Posted in Uncategorized

One Response

Subscribe to comments with RSS.

  1. At least there are some realists out there, though it appears at least 15% of bank executives have not read Bright-sided (Smile or Die in UK), which I finished today and reviewed here:
    http://sdj-pragmatist.blogspot.com/2010/10/weakness-of-postive-thinking.html

    Pragmatist

    October 1, 2010 at 12:17


Comments are closed.

%d bloggers like this: