PALM BEACH, Fla, Nov. 3, 2022 /PRNewswire/ FinancialNewsMedia.com News Commentary - The Debt Financing market has been growing in recent years during the pandemic and is expected to continue
/PRNewswire/ FinancialNewsMedia.com News Commentary - The Debt Financing market has been growing in recent years during the pandemic and is expected to.
26.10.2022 - OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, today reported pretax income of $250 million and net income of $188 million for the third quarter of 2022, compared to $376 million and $288 .
Amid fears of a recession, industry observers will be on the lookout for signs of distress in credit cards and auto loans. One analyst said "the positive trends we've been seeing are starting to erode, and the pressure is going to start building."
Consumer spending continues to rise, but last quarter's acceleration in loan growth is starting to lose momentum, and bankers are tempering expectations about fee income. Meanwhile, deposit outflows have yet to result in strong competition for customers' money.