Anna Maria Andriotis
speaker
45 appearances
1 recordings
1 series
first heard Jan 2026
last heard 21 Jan
Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
This friction appears to have markets back in trade war zone, essentially where we were yesterday.
you know, springtime last year with tariff policy uncertainty and what's been largely playing out over the last six, seven months or so, increasing questions around the independence of the Federal Reserve.
So as good as it is right now, there were warnings issued that it's kind of fragile.
Banks said that consumers remained resilient despite economic pressures.
They continued to spend and borrow at a healthy clip.
We had JP Morgan, Bank of America, Citigroup saying that spending on cards rose in the third quarter while delinquencies on credit cards edged lower.
That was pretty similar to what we heard yesterday from regional banks, U.S.
Bank and Fifth Third, that also pointed to continued growth in consumer borrowing with delinquencies either being unchanged or down.
So credit card lending is unsecured.
It's not like auto loans or mortgages where the loans are tied to a car or a home that can be repossessed.
if the borrower stops paying.
So that's a big reason why credit card interest rates have long been materially higher than other loans.
It's banks pricing in risk.
Currently, average rates on credit cards are around 23%.
So if a cap was to be placed down to 10%,
Banks argue that consumers who are of lower income or who have blemishes on their credit reports would likely get shut off.
And then just sort of what does this mean at a macro level?
Well, less access to credit cards is likely to result in less consumer spending.
And from there, there's that ripple effect on the economy.
Wells Fargo's CFO said on the bank's earnings call that
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