The banking industry has maintained its financial strength despite a challenging economic environment. However, the sharp rise in long-term interest rates since June creates headwinds that could make it harder for the industry to continue to set new earnings records. This FDIC roundtable brings together leading analysts to discuss key factors influencing bank earnings in the coming year, such as the shape of the yield curve, net interest margin trends, the outlook for commercial loan demand and deposit growth, the consumer lending sector, and prospects for industry consolidation.
Registration and Continental Breakfast
Introductory Remarks Moderator - Rae-Ann Miller, Associate Director
Division of Insurance and Research, FDIC
9:15 a.m. - Noon
2004 Outlook for the Banking Industry - Panelists
The Outlook for Large Cap Banks Thomas D. McCandless, Deutsche Bank Securities, Inc.
The Outlook for Regional Banks Jason M. Goldberg, Lehman Brothers
The Outlook for Community Banks Gary B. Townsend, Friedman Billings Ramsey
Consumer Lending Outlook Moshe Orenbuch, Credit Suisse First Boston
Noon - 1:15 p.m.
Luncheon Eugene Ludwig, Managing Partner, Promontory Financial
Group and former Comptroller of the Currency