Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Davis, Harry M.
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Economists for the North Carolina Bankers Association discuss the recession and predicted trends in economic growth for North Carolina, the United States, and around the world. Several topics included in the discussion are the housing sector, oil industries, entitlement programs, and employment.
The North Carolina economy is starting to show signs of recovery, particularly in the manufacturing sector. Bank profitability and investment issues have improved. Employment rates, however, continue to decline and the state expects a budget shortfall this year.
Economists for the North Carolina Bankers Association discuss the potential impact of several factors on economic growth and future bank profitability. The housing market has improved, and stock markets are at five year highs and record levels. However, the state unemployment rate remains one of the highest in the nation, and bank profitability is likely to decline.
The falling labor participation rate in North Carolina is making it harder for the economy to experience strong economic growth. Further, the number of banks continues to drop, and merger activity is expected to increase over the next couple years in the state. This article discusses employment and economic trends, and new regulations for financial institutions.
Economic growth in the United States increased in the beginning of 2014, but has been declining since June. In North Carolina, the employment rate is still not back to the level before the recession, and bank profitability has stalled. These trends are driven by struggles in consumer income, salaries and wages.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was the primary legislative response to the Great Recession and the meltdown of Wall Street that started in 2007. This article reviews the findings of a survey sent to the CEOs of North Carolina chartered banks. The results cover various topics regarding the type and degree of impact on banks.