US bank CROs see only ‘modest’ credit risk from tariffs
Risk Live North America: Lower margins are early sign of stress, but Ally, Citizens and Pinnacle confident on loan books
US banks are seeing some early signs of credit stress resulting from increased tariff costs, but are not expecting that to translate into a serious spike in defaults.
They attribute this resilience to a number of factors, including close monitoring of customer behaviour, the large contribution that services – rather than tariff-hit goods – makes to the US economy, and the experience of the Covid
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