Personal Finance · Brief
The bank said it released $225 million of loan-loss reserves and that credit-card loans grew less than 1% in the quarter, while auto loans rose 4% to $92.9 billion.
Personal Finance · Brief
The Investment Company Institute said institutional funds gained $24.0 billion in the week ended October 21 while retail fund assets fell $2.5 billion.
Personal Finance · Brief
The consumer lender said purchase volume rose 8% to $49.7 billion, helped by higher gas prices at its Home & Auto and Diversified & Value platforms, while third-quarter net earnings fell 17%.
Personal Finance · Brief
The Federal Reserve said revolving credit, which includes credit cards, decreased at a 4.2% annual rate while nonrevolving credit such as auto and student loans rose 4.1%.
Personal Finance · Brief
The average price of regular gasoline was $1.265 higher than a year earlier, according to the Energy Information Administration; California drivers paid $6.031.
Personal Finance · Brief
The increase announced October 14 applies to 76 million Americans, and a calculation from Bureau of Labor Statistics price data reproduces the 3.6% figure.
