Market Intelligence

Consumer Credit Stress is Rising

Remember a couple years ago when everyone was flush with pandemic stimulus cash and consumer credit was in good shape? The story may be pivoting. Consumers have been loading up on debt, and it’s catching up with them. The New York Federal Reserve Bank’s May household debt and credit report showed that new delinquencies on credit card debt and auto loans spiked in the first quarter of 2024 to levels not seen in years.  New 90 day-plus delinquencies on credit card balances hit 6.86% in the first quarter, the highest in over a decade, and have been climbing steadily since…

ESG Grows Up

There’s been considerable pushback against the ESG movement in recent years. The idea that things like climate change and workplace equity should factor into business and investment decisions feels to many corporate leaders — and more than a few bankers — like a step too far. Conservative groups have railed against the concept. But ESG, short for environmental, social and governance, isn’t dead yet. To the contrary, it seems institutional investors still consider ESG when measuring a company’s ability to manage risk and generate sustainable financial results.  In a recently released survey by MSCI Sustainability Institute, Stanford University’s Graduate School…

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WRITTEN BY

John Engen

Contributing Writer

John Engen is a contributing writer for Bank Director. He has more than 30 years of experience as a business journalist, writing for a variety of newspapers and magazines, and was a foreign correspondent for the Associated Press. He graduated with a degree in economics and international relations from the University of Minnesota and did his post-graduate work in Asian studies at the University of Hawai’i.