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Consumer lending

COVID-19

Will borrowing get more expensive for consumers as the economy recovers?

by Amy Scott
Mar 5, 2021
Interest rates on 30-year mortgages have started climbing.
This week, Freddie Mac said the average interest rate for a 30-year fixed-rate mortgage climbed above 3% for the first time since July.
phototechno via Getty Images
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COVID-19

Banks set aside billions, expecting big consumer loan defaults

by Nancy Marshall-Genzer
Jul 15, 2020
At the end of the first quarter of this year, U.S. consumers were a record $14.3 trillion in debt.
A view of the "Fearless Girl" statue on Wall Street. Americans' indebtedness is affecting banks' balance sheets.
Johannes Eisele/AFP via Getty Images
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Consumer lending is a bright spot for big banks

by Justin Ho
Oct 17, 2019
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
The JP Morgan Chase headquarters in Manhattan.
Spencer Platt/Getty Images
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Goldman Sachs names David Solomon, investment banker and DJ, as its new CEO

by Sabri Ben-Achour
Jul 17, 2018
Yes, he spins records under the name "DJ D-Sol."
A view of Goldman Sachs' headquarters in lower Manhattan back on June 22, 2012 in New York.
STAN HONDA/AFP/Getty Images
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