Banks appear ready to weather recession

As the world’s financial markets look toward a potential recession, Colorado banks appear well situated to withstand the challenge.

“Capital levels remain really high,” said Jenifer Waller, president and CEO of the Colorado Bankers Association. “They remained high all through the pandemic.”

All in all, circumstances look a lot better for banking concerns than they did for banks prior to the 2009 Great Recession. Part of that is due to the Dodd-Frank Act instituted following the recession, Waller said, but part of it is due to extremely different circumstances.

The 2009 recession was largely due to…