Reported about 16 hours ago
U.S. banking executives report that consumer finances are healthy, with strong spending and controlled credit card delinquencies, despite evidence of a cooling job market. Bank leaders from institutions like Bank of America, Citigroup, and Wells Fargo highlighted robust consumer spending and timely debt repayments, indicating resilience in consumer credit quality. However, concerns about job stability are rising among Americans, suggesting a complex economic landscape as the banks prepare to report their third-quarter earnings.
Source: YAHOO