For once, unambiguous good news on the U.S. economy
Tighter credit policies have been a drag on the U.S. economic recovery. But according to the Federal Reserve’s most recent survey, banks eased lending policies for commercial and industrial loans in the first quarter. For individuals, the Fed found easing in policies for consumer credit card and auto loans and a mixed picture for prime mortgages and home equity lines of credit
Wells Fargo is relatively upbeat about mortgages and margins in today’s post-earnings conference call
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Citigroup earnings boost (most) banks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wells Fargo and JP Morgan Chase surprise on earnings but stocks fall on declining net interest margin
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Look for an earnings surprise from the banks tomorrow morning
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Could Citigroup possibly have escaped all of the robo-signing foreclosure mess? That’s what the bank said in today’s earnings report
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The good news is that prime mortgage foreclosures are rising; the bad news should be obvious
Foreclosure rates for prime mortgages have jumped 425% since January 2008. And the monthly rate of foreclosures has accelerated in the last two months,
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