All Posts Tagged: credit card

U.S. Outlook: What is going on with bank credit?

Scott Anderson
Chief Economist

Consumer confidence is near 17-year highs, and business confidence is up.

Graph showing recent dip in commercial bank lendingYou would think banks would be busy making new loans in this sort of economic and financial environment, but you would be wrong.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 10.

Key observations:
  • Loan demand is slowing across nearly all loan categories, and credit standards around consumers are being selectively tightened.
  • Overall commercial bank credit growth fell to 3.15% from a year ago in October.
  • Demand for auto and credit card loans were basically unchanged from the previous quarter.
  • The Fed’s rate hikes, so far, have significantly flattened the Treasury yield curve, reducing the profitability and appetite for new bank lending.

Read my full report.

 

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7 tips on saving for the holidays

Beth Hale
Posted by Beth Hale
Consumer Banking
2 young woman sitting at outdoor cafe table, looking at possible shopping items on a laptop computer while drinking coffee.

Have you really taken into account the large amount of money you may be spending on festive occasions? It is easy to overlook.

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What to consider for employees who relocate to the U.S. for work

Thierry Gabadou
International Banking
Two male computer engineers looking at the screen of an open laptop.

Before your temporary home rental has expired, you realize that buying a house without credit history is also problematic.

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3 reminders for a healthy debt level

Paul Appleton
Consumer Banking
Middle-aged woman and shorter elderly woman with glasses in light-hearted conversation as they inspect produce in a grocery store.

When you hear the word “debt,” the associations that first come to mind may be burdensome, constricting, or negative.

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4 things to know about building credit in the United States

Thierry Gabadou
International Banking
Side view of a woman handing over a credit card to a young, bearded man in a shop.

For most new residents in the United States, starting a credit history is a very important step for building a solid financial foundation.

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