“Businesses and transactions that may have been marginally viable in the recent past may no longer be viable when the risks they represent are more appropriately reflected…”, says Don Wilson, President and COO of Amcore Bank, a commercial bank operating in Illinois and Wisconsin.
In the recent article on ‘Fear Factors’, in the October 2007 issue of CFO Magazine, six banking execs discussed their concerns about the credit crunch.
Mark Sunshine, President and COO of First Capital, a provider of factoring and asset-based lending in middle-market companies, went on to say: “Corporate finance chiefs need to worry about the financial health of their lenders.”
- Are any of your business borrowers plowing ahead with major projects without considering — or reconsidering — viability? What questions do you need to be asking to find out?
- Are any of your business borrowers worried about the health of your financial institution? What questions do you need to be asking…and what answers do you need to have prepared?