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BofA's Brian Moynihan - 1 — - 1 that's - 1 Brian Moynihan - 1 Moynihan shrugged - 1 It's - 1 Spencer Watson - 1 Watson - 1
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Service - 1 Bank of America - 1 CNBC - 1 Credit Survey - 1 Business - 1 Advancement - 1 Center - 1 Economic Advancement & Research - 1

Search resuls for: "Credit Survey"


5 mentions found


☆ Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
  + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +1 min
There's no need to worry about consumers falling behind on debt payments, BofA's Brian Moynihan said. Deliquency rates on credit card and auto loans are normalizing and are close to 2019 levels. Go to newsletter preferences Thanks for signing up! AdvertisementConsumers are falling behind on their credit card and auto loan payments, but that's actually not such a big deal for the economy, according to Bank of America CEO Brian Moynihan. Late payments on consumer credit card loans have ticked slightly higher over the last quarter, with 9.1% of credit card balances and 8% of car loans transitioning into delinquency, according to the New York Fed's latest Household Debt and Credit Survey.
Persons: BofA's Brian Moynihan, —, that's, Brian Moynihan, Moynihan shrugged Organizations: Service, Bank of America, CNBC, Credit Survey, Business Locations: York
☆ LGBTQ small business owners struggle to find financing
  + stars: | 2023-06-30 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
For LGBTQ owners, the struggle has been even harder. Overall, small business owners are skeptical about their future business conditions, said Holly Wade, executive director of the National Federation of Independent Business' Research Center. "The small business economy is being hindered by inflation, supply chain disruptions, and labor shortages," she said. Yet, data show that when it comes to financing, LGTBQ small business owners are being left behind. While LGBTQ small business owners are very optimistic, they are also still more likely to report more kinds of financial challenges than non-LGBTQ businesses.
Persons: It's, Spencer Watson, Watson, Holly Wade, hasn't Organizations: Advancement, Center, Economic Advancement & Research, National Federation of Independent Business ' Research
☆ Bank stress likely to lead to tighter lending, corporate defaults - BofA credit survey
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +1 min
LONDON, April 26 (Reuters) - Bank stress will likely be limited to a small number of banks but lead to tighter lending conditions and a pick-up in corporate defaults, a Bank of America April credit investor survey released on Wednesday showed. The gap between high-yield bonds and government debt has tightened on 63% of days so far in 2023, an all-time record, signalling that credit markets are faring well in face of recent market turmoil, BofA said. The biggest share of respondents to its latest survey, some 36%, said they expected bank stress to remain confined to small banks with challenged business models, with the United States more vulnerable than Europe given different regulatory supervisions. However, over 20% said they believed that a credit crunch resulting from the bank stress would lead to a noticeable pick-up in corporate defaults. As banks may withdraw from lending to high-risk assets, credit investors did not believe that private credit markets would step in and replace it.
☆ Bank stress likely to lead to tighter lending, corporate defaults, Bank of America credit survey shows
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +1 min
LONDON, April 26 (Reuters) - Bank stress will likely be limited to a small number of banks but lead to tighter lending conditions and a pick-up in corporate defaults, a Bank of America April credit investor survey released on Wednesday showed. The gap between high-yield bonds and government debt has tightened on 63% of days so far in 2023, an all-time record, signalling that credit markets are faring well in face of recent market turmoil, BofA said. The biggest share of respondents to its latest survey, some 36%, said they expected bank stress to remain confined to small banks with challenged business models, with the United States more vulnerable than Europe given different regulatory supervisions. However, over 20% said they believed that a credit crunch resulting from the bank stress would lead to a noticeable pick-up in corporate defaults. As banks may withdraw from lending to high-risk assets, credit investors did not believe that private credit markets would step in and replace it.
☆ Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color
  + stars: | 2023-04-13 | by ( Jalen Brown Scarlette Whyte | Jalen Brown | Scarlette Whyte | ) edition.cnn.com   time to read: +7 min
A bank run took down Silicon Valley Bank on March 10, as depositors withdrew $42 billion in a single day. And that’s why we’ve gone to community banks and regional banks such as SVB,” Bradley said. SVB’s collapse could spark future change, entrepreneur saysBecause of these disparities, entrepreneurs also seek funding from venture capitalists. In the early 2010s, Hamilton intended to start her own tech company — but as she searched for investors, she saw that White men control nearly all venture capital dollars. That experience led her to establish Backstage Capital, a venture capital fund that invests in new companies led by underrepresented founders.
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