How does the Corporate Banking department of a bank perform during a recession?
I have accepted a role at a middle market bank in their Corporate Banking (CB) department and will be starting this summer. With the current increased economic uncertainty I am curious as to how CB may be affected by an economic downturn. Does institutional lending tend to do poorly in recession as many firms default on their loans are do the higher interest rates (due to higher risk profiles) compensate for any losses and make the department somewhat recession resistant?
I would love to hear any and all thoughts regarding how institutional lending and Corporate Banking is effected during an economic downturn.
Thank you very much.
BUMP
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