Auto Lending Default Rates Setting Off Alarms

http://www.businessinsider.com/jpmorgan-gordon-smith-on-auto-lending-2016-9 Nepalese mechanics inspecting a 1939 Daimler-Benz.Gopal Chitrakar/Reuters There is a lot of talk out there about the auto-loan market right now. The default rates for auto loans in oil-producing regions in the US have been jumping, while hedge fund honcho Jim Chanos has said the auto-lending market should “scare the heck out of everybody.” […]

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U.S. Banks’ Profits Drop As Community Banks Profits Rise

U.S. Banks’ Profits Show First Drop in 2 Years by Matthew Heller http://ww2.cfo.com/banking-capital-markets/2016/06/u-s-banks-profits-show-first-drop-2-years/ The industry’s first-quarter results were mixed, with loan balances growing at the highest rate since 2009 and operating revenue up 2.7%. The net income of U.S. banks dipped for the first time in two years in the first quarter but strong loan and operating […]

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Uh-Oh … Are Americans Raiding Their Piggy Banks?

#communitybanking #economy #consumertrends by Christine DiGangi http://blog.credit.com/2016/06/uh-oh-are-americans-raiding-their-piggy-banks-146178/ Consumer spending increased 1% from March to April, the biggest increase in more than six years, according to a Reuters report on new Commerce Department data. In very basic economic terms, a jump in consumer spending can be a good thing: It can show that people are confident they’ll make ends meet without […]

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Will the stock crash in China take down the US economy?

http://www.bostonglobe.com/news/politics/2016/01/07/will-stock-crash-china-take-down-economy/mmMmUEED8a6BH5EsCzi3wJ/story.html An investor remained in his seat as the display of stock market data was turned off at a securities brokerage house in Beijing. By Evan Horowitz GLOBE STAFF  JANUARY 07, 2016 China’s stock market is crashing, and it’s pulling down markets all around the world. Twice this week, stock prices in China fell so […]

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