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This report gives an overview of the U.S. banking industry during recessions since 2007. It examines key performance indicators during the 2007 financial crisis, the economic downturn caused by the COVID-19 pandemic, and it gives insight into the performance figures of the banking industry in 2022. Apart from key performance indicators, the report includes statistics on historical and recent interest rates, as well as on bank lending. Finally, it gives insight into the perspective and opinion of leading bankers on an impeding recession.