What recession? America's banks reveal few signs of trouble
CNN
If a recession were to arrive in the United States, there would normally be evidence of pain at America's biggest lenders. But so far, top banks aren't seeing major signs of weakness, even as they admit they're bracing for tougher times ahead.
What's happening: Results from JPMorgan Chase, Wells Fargo and Citigroup reveal that while Wall Street has been hit hard by the deep market slump, Main Street is humming along. Credit card spending still looks healthy. While banks are putting aside more money to cover bad loans, they aren't seeing significant problems yet.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.