The economic disruption caused by COVID-19 has put U.S. banks to the test. Unprecedented government stimulus and forbearance offered by banks has kept many borrowers afloat, but support is waning. Expanded unemployment benefits have declined substantially and relief banks provided through loan deferrals have dropped dramatically from the peak of roughly $1 trillion in June. And while many borrowers have resumed normal payments, at-risk industries continue to show signs of stress.
Join us as we explore the impact of the stimulus and forbearance, including:
· How deferrals have impacted the outlook for bank credit quality.
· Which credits are the most at-risk
· What banks should be doing to monitor and mitigate potential losses
This webinar is co-hosted by S&P Global Market Intelligence and Strategic Risk Associates.