Citizens Bank sees resilient consumer finances and spending
The mention of stress among lower credit borrowers suggests increased risk for CFG, potentially leading to higher default rates, which historically impacts banks' profitability negatively.
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The mention of stress among lower credit borrowers suggests increased risk for CFG, potentially leading to higher default rates, which historically impacts banks' profitability negatively.
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U.S. consumer finances are generally healthy but stress exists for lower credit borrowers. Brendan Coughlin of CFG highlights potential risks in the borrower demographic.
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