More credit card debt and car loans transitioned into late payment status last quarter, per the New York Fed.

IF THE US Federal Reserve does not start cutting interest rates relatively soon, US consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the end of July the Fed ...

"We are seeing delinquency flat on the consumer side, which is good news," Bank of America CEO Brian Moynihan told the same conference. Consumer delinquencies could be close to peaking if the ...

Can 1995 happen again for the big banks? It might be a moonshot scenario for 2025 as the Fed contemplates rate cuts.

Brian T. Moynihan ... call operational excellence, which gives us the permission to save money and invest in the future of the franchise.” With more than 200,000 employees serving individual consumers ...

Bank of America CEO Brian Moynihan said inflation is showing signs of cooling, but the US economy will still face ... exec predicted a slight downturn as consumers remain in good shape.

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Bank of America CEO Brian Moynihan on Tuesday praised Warren Buffett as an investor in the company, but said he has not asked ...

The Federal Reserve won't hit its 2% inflation target until 2025 - and a US recession is in the cards, according to Bank of America CEO Brian ... Moynihan also noted that his bank's data shows ...

U.S. consumers' late payments on credit cards and other loans are starting to level off in recent months after rising earlier ...