US banks have ramped up lending to consumers through credit cards and overdrafts at the fastest pace since 2007, triggering concerns that they are taking on too much risk in a slowing economy.
The industry has piled on about $18bn of card loans and other types of revolving credit within just three months, as consumers borrow more and banks battle for customers with air miles, cashback deals and other offers.
The surge in lending has come as economists expect the US election to create sufficient uncertainty to impede growth for the rest of the year, increasing the stakes for lenders at a time when the credit cycle appears to have passed a peak.
Recently disclosed second-quarter results showed that credit card loans increased 10 per cent year-on-year at Wells Fargo, 12 per cent at Citigroup and 16 per cent at US Bank, according to Deutsche Bank research. Expansion was an especially aggressive 26 per cent at SunTrust, the $200bn Atlanta-based lender.
E' SORPRENDENTE VEDEE UN PIL CRESCEE DI SOLO LO 0,2% CON DATI COME QUESTI SULLO SVILUPPO DEL CREDITO AL CONSUMO.
immagino che senza l'aiuto di questa voce l'america sarebbe finita in recessione. Attenzione ...se il tasso di crescita dei prestiti si feram..anche il pil Usa potrebbe rallentare ulteriormente
Pubblicato da ML a domenica, luglio 31, 2016CLICCA SULL'ICONA DELLA MOSCA TZE-TZE E VOTA PER QUESTO POST!