Inflation, higher interest rates add to the financial challenges
A rebound in investment banking represents a ray of hope for sector
Mortgage borrowing accelerates, while other sources of debt growth slow
Credit conditions expected to improve, but risks abound, S&P says
Credit card balances rise as mortgage growth slows
Upfront spending weighs on banks' bottom lines, despite revenue growth
Delinquencies, charge-offs rose in Q4 as financial stress intensified
Robust consumer spending is fuelled by credit growth, report says
Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
Declining net interest income and rising credit stress to weigh on results in 2024