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American Express Q1 Cardholder Spending, Loans Up Despite Govt Shutdown

PYMNTS

billion, and got a boost from the United States, up 7 percent to $195.5 Lending grew by 11 percent, in total, to $81 billion. International lending activity was up 15 percent to $10.2 billion, while in the United States, that tally was up 11 percent to $70.8 percent, logging $10.36 Outside the U.S.,

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Holding these assets can impact profitability because banks can’t lend those funds out or invest them at higher rates. In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. Rising interest rates depress the value of low-rate securities and loans.

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Carmageddon: The Downshifting of America’s Auto Industry

Gonzobanker

The United States has been running at record post-recession highs over the past couple of years in terms of sales volume, prices, and availability of credit. may be through shared, self-driving vehicles by 2030.” The fallout from this easy lending has started inspiring lenders to pull back the reigns. FACT #1: U.S.