Fed's Lockhart Says Rising Rates to Create Risks for U.S. Banks
Friday, February 26th, 2016
Federal Reserve Bank of Atlanta President Dennis Lockhart said rising U.S. interest rates could undermine bank profits while their exposure to commercial real-estate also remains a risk.
“For the first time in more than a decade, bankers face the potential of operating in a rising rate environment,” Lockhart said in remarks at a banking conference in Atlanta on Thursday. “Rising rates will create challenges in managing net interest margins and risks.”
