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Rose Oswald Poels
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State banking leader discusses 2018 industry outlook.
Wisconsin’s banking industry has turned a corner. In the wake of a years-long economic recession, banks are now well into recovery, and that is good for Wisconsin consumers. As a key driver of economic growth, Wisconsin’s banking industry is uniquely positioned to keep the state moving forward and help businesses grow and families prosper.
In contrast to Bob Chernow's recent blog, I would point out that the Wisconsin banking industry has been and will always be evolving to...
Wisconsin financial institutions continue to become healthier with the passage of each calendar quarter. However, the headwinds against banks remain strong and the shape of the industry will begin to change in more apparent ways in 2014.
Regulation going into effect Jan. 1, 2014 in regards to residential mortgage lending is limiting banks' creativity and innovation on product offerings which in the end hurts consumers. If community banks feel it is only “safe” to offer “vanilla” products, then there won't be as many options for consumers, especially those who may not qualify for a conventional 30-year fixed rate mortgage.
Financial institutions will continue to improve from a profitability standpoint throughout 2013. However, earnings pressures will also continue to challenge the industry.