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Don't despair: things keep looking worse for many sectors. But tomorrow's winners will be those banks that keep their eye on the whole journey, not just the next period.(Community Banking)
From:
ABA Banking Journal
| Date:
February 1, 2008| Author:
Brew, Jay; Gula, Michelle
| COPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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All roads appear to lead downhill right now for community banking. As you wade through the seemingly endless reports of this worsening credit and liquidity crisis, it is nearly impossible to refute that the events we've witnessed to date will lead us into a long and deep recession. Even if you are in the optimistic outlook group, the risk is there, and now is the time to plan accordingly. Don't just wade through the mire waiting for the good news t...