The largest US Banks are facing their worst Bad loan write-offs in 3 years

 https://www.bloomberg.com/news/articles/2023-10-11/largest-us-banks-grapple-with-worst-write-offs-in-three-years

Banks may be more reluctant to lend money if they are facing higher losses. This could make it more difficult for businesses and consumers to borrow money, which could slow economic growth even more.