CNBC's Phil LeBeau reports the average auto loan is now averaging $27,430 according to Experian. The "Closing Bell" panel provides perspective on the data.» Read More
While JPMorgan Chase appears to have had a good first quarter, its earnings show evidence that a massive credit contraction is underway.
You would think that mortgage lenders would be chastened by the financial crisis and prolonged economic slump. After all, mortgage loans played a central role in the calamity from which we are still struggling to recover.
Whole Foods is a curious experiment in banking.
US banks do not have huge exposure to the disaster unfolding in Japan. On the face of it, JPMorgan has the biggest exposure with $53.9 billion of outstanding loans to Japanese companies. Goldman Sachs and Morgan Stanley come next, with Bank of America ranked fourth.