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Ultraconservatives in the House have dominated the public discussion on the U.S. debt ceiling, but Speaker Kevin McCarthy can't afford to ignore GOP centrists if the country is to avoid a catastrophic payments default later this year.
January 25 -
The Birmingham, Alabama, bank expects up to $5 billion in additional deposit declines in the first half of 2023 but is hopeful for potential growth in funding later this year.
January 20 -
The Cincinnati bank expects net interest income growth to cool considerably and fee income to tread water as rate hikes slow and inflation moderates but still continues.
January 19 -
The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.
January 18 -
CEO Bruce Van Saun said that any potential recession will likely be "subdued," as the Rhode Island bank projected a rebound in noninterest income.
January 17 -
Regulators must not choke off lending at a time when banks are well positioned to help ease the blow of an economic downturn.
January 13Oliver Wyman -
The market volatility and interest rate hikes that gave U.S. banks their biggest windfall last year may prove to be their biggest headache in 2023.
January 11 -
More U.S. consumers are relying on their credit cards each month — and many are doing so without knowing the interest rates they're paying.
January 10 -
Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.
January 9 -
Banks, fintechs and advisors are cautiously pushing investments next year to keep up with industry expectations.
December 19