Big banks report big loans in Q1

Bank of America and Citigroup announced on Tuesday that U.S. consumer spending has increased slightly during the first quarter, when concerns about tariffs driven by Donald Trump’s government and fear of a possible economic recession began to surface. However, for the future, the largest U.S. bank, JPMorgan Chase, warned last week in its quarterly results that the economy faces a “significant turbulence,” a view that was also supported by US com…

The largest banks in the US announce that consumer spending rose in the first quarter, amid tariffs.

Big banks report big loans in Q1

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities were relatively stable Tuesday as investors enjoyed a break from back-to-back tariff headlines and digested a batch of positive bank earnings.  Goldman Sachs, Citibank and Bank of America reported this week. A couple data points of note:  Banks don’t seem worried about potential loan and lease losses  In some cases, they’re actually holding less…

The global economic turmoil has not yet impacted on the consumer behaviour of the Swiss. In March, consumer spending once again increased significantly.