Staying close to clients amid tariff-driven volatility
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Staying close to clients amid tariff-driven volatility
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About this listen
Amid tariff-related volatility, how are small and midsize businesses and the banks that serve them faring? On the latest episode of the ABA Banking Journal Podcast — presented by Intrafi’s Banking with Interest podcast — John Buran, the president and CEO of Queens-based Flushing Financial discusses how tariff and trade policy-related volatility has compounded commercial client uncertainty based on interest rates over recent months and why uncertainty has slowed loan growth and investment.
However, Buran also notes that lending has improved in the first quarter of 2025 compared to the same period in 2024, “possibly associated with the Fed keeping rates stable since the middle of the middle of last year. So I think that has helped somewhat. Banks are staying very close to their customers . . . so that they can come out the on other side in a favorable position.”
Buran also discusses opportunities for community banks to gain market share in the New York City metro area real estate market and the potential for regulatory change under newly confirmed Fed Vice Chair for Supervision Michelle Bowman.