Industry Reports Year-Over-Year Earnings Decline
Rising Loan Loss Provisions Reduce Profits at Larger Institutions
Net Interest Margins Decline at Small Institutions, Rise at Large Banks
Loan Growth Slows for Fourth Consecutive Quarter
Mortgage Assets Decline for Second Quarter in a Row
Tuesday, June 12, 2007
US consumer weakness showing up in bank data
The Federal Deposit Insurance Corporation (FDIC) reported last week that charge-offs in nearly all loan categories at U.S. banks in the first quarter of 2007, including a 29.2 percent increase in credit card charge-offs...the FDIC produces a report called the "Quarterly Banking Profile", and in the most recent one the headlines are all bad:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment