Bank of America said on Monday its customers made $335 billion in total payments in January, a 17% increase over January 2021.
A person walks past a Bank of America sign in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Carlo Allegrisaid on Monday its customers made $335 billion in total payments in January, a 17% increase over January 2021.
Credit and debit card spending was up 16% to $65 billion, with credit card spending up 28%, the bank said. The strong spending figures are good signs for the economy and the consumer, a bank executive said in a statement. "Our clients' checking and savings deposit balances were also up 15% year-over-year," said Mary Hines Droesch, Head of Consumer and Small Business Products, Bank of America. "These trends bode well for the economy as we move further in 2022."Reporting by Elizabeth Dilts Marshall, Editing by Louise HeavensSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Japan's Biggest Bank to Issue Yen-Pegged Stablecoin for Settlement: ReportThe trust banking arm of Mitsubishi UFJ, Japan's largest bank by assets, plans to use blockchain technology for securities trading with the stablecoin acting as a payment instrument.
Les mer »
European Markets Head for Higher Open as Investors Digest Data, Central Bank MovesEuropean stocks are expected to open higher on Monday as investors continue to consider last week’s jobs data from the U.S. and central bank decisions in Europe.
Les mer »
San Francisco bank robberies point to one suspect, police sayPolice say at least two, possibly three, bank robberies appear to be connected to the same suspect.
Les mer »
Attempted robber with gun falls through ceiling of bank, leaves when he can’t open vaultAuthorities in Washington state are searching for the suspect of a bizarre attempted bank robbery.
Les mer »
Motorist killed in Red Bank collision identifiedThe crash occurred Saturday morning on Route 35.
Les mer »