Lower Provisions Coincide with Miran’s Scrutiny of Regulatory Burden

U.S. banks’ provisions for credit losses fell 30.8% to $20.82 billion in the third quarter, marking a six-quarter low, according to S&P Global Market Intelligence. Provisions declined even as net charge-offs rose to $20.14 billion from $19.42 billion, with analysts describing recent credit events tied to non-depository financial institutions as isolated rather than signaling broader deterioration.

Another S&P article noted Fed Governor Stephen Miran’s view that recalibrating the regulatory framework could help banks regain market share from private credit and support more balanced competition.

We will not be sending a Weekly News Roundup this week due to the Thanksgiving holiday. We’ll return to our regular schedule on Tuesday, Dec. 2.