Smart. Sharp. Funny. Fearless.
Friday, September 30, 2016

Oct. 28 (Bloomberg) — There are tantalizing signs that the worst of the disastrous credit crunch may be over. The most tangible evidence can be found in the latest earnings reports from some of the U.S.’s largest banks.

With a few exceptions, financial institutions such as JPMorgan Chase & Co. and Wells Fargo & Co. reported increases in lending to big businesses and, to a lesser extent, to consumers. Since consumers power growth, making up about two-thirds of the U.S. economy, their ability to get credit may determine whether the fragile recovery endures.

  • carole

    We need stronger regulations on banks and financial institutions. They have made record profits yet still refuse to lend to small businesses and clients. The biggest banks are the worst. We should break up the great big banks into smaller entities. Also, banks should not be able to sell stocks and mutual funds. This is partly why we have gotten into this economic mess.

  • SEGLSMN

    Regulation is what makes the banks stronger and keeps them solvent so they don’t get into the big mess they can now get out of.