menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Wells Farg...
source image

Pymnts

1M

read

129

img
dot

Image Credit: Pymnts

Wells Fargo Expects Consumer Loan Growth to Remain Flat or Slow

  • Wells Fargo expects consumer loan growth in the US to remain stagnant or potentially decrease by the end of the year.
  • The Chief Financial Officer of Wells Fargo mentioned that the uncertainty around tariffs makes it challenging to predict growth in commercial loans.
  • Citigroup is preparing for a possible decline in consumer financial health by setting aside provisions for potential loan losses.
  • Consumer credit surged by $17.9 billion according to data released by the Federal Reserve, indicating increased lending activity during an April rush.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app