Wells Fargo Earns $2.4B, Says Credit Is Improving
Wells Fargo & Co. said Wednesday its first-quarter earnings fell 1 percent to $2.37 billion as the bank dealt with continuing losses on consumer loans.
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Delinquencies jump for home equity loans, lines of credit
The third-quarter increases to record levels contrast with an improvement seen with other consumer loans, the American Bankers Assn. says. Delinquencies on home equity loans and lines of credit jumped to record levels in the third quarter, a banking trade group said Thursday.
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The bad news is that, if the BLS nine-year averages are borne out, job losses could skyrocket in the coming three months. … “You’re going to have problems with delinquencies of credit card loans, consumer loans, people won’t…
More often than not, you find a project with a big tick in one box, smaller ticks in the other two, and bad news in the final box.
Official predicts problems with delinquencies of credit card loans, consumer loans, mortgages.
Banking group HSBC Holdings PLC said Tuesday that pretax profit for the third quarter was “significantly ahead” of the same period last year and that losses on U.S. consumer loans had shrunk for the first time in three years.
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