By Saeed Azhar NEW YORK, Dec 3 (Reuters) – U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president of Citizens Financial Group, said on Wednesday. “I don’t see any macro signs of stress,” Coughlin said on a panel at the Reuters […]
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Citizens Bank sees resilient consumer finances and spending
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By Saeed Azhar
NEW YORK, Dec 3 (Reuters) – U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president of Citizens Financial Group, said on Wednesday.
“I don’t see any macro signs of stress,” Coughlin said on a panel at the Reuters NEXT conference in New York. “If you were to really look squinty-eyed, you’d see it in the near prime and subprime, but it’s just not a big enough segment to have a macroeconomic impact.”
U.S. consumer confidence sagged in November as households worried about jobs and their financial situation, likely in part because of the recently ended government shutdown.
(Reporting by Saeed Azhar, editing by Lananh Nguyen)