The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve’s benchmark rate hikes...
Consumers unleashed from COVID-19 restrictions and confronting inflation-boosted prices are back to using their credit cards near pre-pandemic levels, Seeking Alpha reported Sunday (Sept. 18). The assessment was based on credit card data from eight issuers in the United States. August data for the eight...
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. banks to 10 basis points in the third quarter. That was better than the 18-basis-point increase seen year over year...
It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. As of early 2018, U.S. regional bank executives were gearing up for a bumper year,...
October 11, 2023
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.3 billion in net charge-offs for the third quarter, more than double the figure […]
October 09, 2023
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key...
September 18, 2022
Consumers unleashed from COVID-19 restrictions and confronting inflation-boosted prices are back to using their credit cards near pre-pandemic levels, Seeking Alpha reported Sunday (Sept. 18). The assessment was based on...
October 25, 2018
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. banks to 10 basis points...
