Weaker Consumer-Credit Trends Rattle Wall Street
Market Concerns Heighten Over Deteriorating Consumer Credit Health
Financial Stocks in Turmoil Consumer-lending giants such as Ally Financial (NYSE:ALLY) find themselves in a tightening spot as executives sound the alarm bells over a distressing trend: struggling lower-income borrowers defaulting on their payments. The unsettling news, reported by The Wall Street Journal, has sent shockwaves through Wall Street. Dire Indicators Emerge A recent Federal ...











