Weekly Report – February 22, 2023


Highlight of the Week

Huntington CEO details reorganization plan

  • Huntington Bank is undergoing a reorganization plan that will combine its business units to cut costs and increase revenue.
  • The bank will combine its retail & business banking, vehicle finance, and wealth management, private banking, & insurance segments into 2 units: consumer & regional banking and commercial banking.
  • Bank CEO Steve Steinour sees wealth management as a “big growth area” for the bank.

Rate Curves


Rapid Report:

Abelian Brand Mark

Analysis of CRE Delinquencies

  • This week the WSJ published a story on recent defaults in commercial real estate.
  • While commercial delinquency rates remain historically low, the real concern is with the 15.3% increase from Q3 to Q4.
  • The rise in interest rates has increased the cost of buying and refinancing properties.
  • Further increases in delinquency rates will test the markets’ ability to absorb them.
Delinquent Rates V Time
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