James Chessen

Card Delinquencies Lowest Since TV’s ‘Friends’ Debut, ABA Says

U.S. bank-card delinquencies have dropped to their lowest levels in more than 18 years as borrowers maintain a conservative approach to personal finances, according to an American Bankers Association report.

Consumer Bank Card Delinquencies Are Lowest Since 1994, ABA Says

U.S. bank-card delinquencies fell to the lowest level in 18 years as consumers strengthened their personal finances amid uncertainty over the nation’s economy, the American Bankers Association said in a quarterly report.

U.S. Banks Had Second-Best Earnings Ever in 2012, FDIC Says

U.S. banks had $141.3 billion in net income last year, the second-best on record behind the $145.2 billion total reported for 2006, on non-interest income and lower loss provisions, the Federal Deposit Insurance Corp. said.

U.S. Bank Deposits Drop Most Since 9/11 Terror Attacks

Clients of the largest U.S. banks withdrew funds this month at the fastest weekly pace since the Sept. 11 attacks as a deposit-insurance program ended and customers tapped into their year-end cash hoards.

U.S. Bank Earnings Up 6.6% on Growth in Revenue, FDIC Says

U.S. banks had net income of $37.6 billion in the third quarter, a 6.6 percent increase over the year-earlier period as operating revenue grew the most in almost three years, the Federal Deposit Insurance Corp. said.

U.S. Banks Said to Seek Relief From Regulators as Deposits Swell

U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, according to six people with knowledge of the talks.

U.S. Bank Earnings up 21% as Loan Losses Fall: FDIC

U.S. banks had net income of $34.5 billion in the second quarter, increasing earnings 21 percent over the year-earlier period on improved asset quality, the Federal Deposit Insurance Corp. said.

Consumer Loan Delinquencies Fall Across the Board, ABA Says

U.S. consumer-loan delinquencies fell across the board in the fourth quarter as borrowers benefited from improving job and housing markets, the American Bankers Association said.

Consumer Credit Delinquencies Near 6-Year Low, Says ABA

U.S. consumer-loan delinquencies dropped to their lowest level in nearly six years during the second quarter of 2012 as households prioritized debt service over spending increases, the American Bankers Association said.

Consumer Loan Delinquencies Fell in Third Quarter, ABA Says

U.S. consumer-loan delinquencies fell in the third quarter for the first time in 2011 as consumers benefited from improving job and housing markets, the American Bankers Association said.

"Consumers continue to carefully manage their finances in an effort to get debt levels under control and build up a secure financial base."

- James Chessen on Apr 01, 2013

American Bankers Association

Martin Gruenberg

Washington

Charlotte

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U.S. Stocks Advance on Leading Indicators, Sentiment Data