Citizens Bank sees resilient consumer finances and spending

Citizens Bank's president, Brendan Coughlin, stated that U.S. consumer finances are generally healthy, despite some stress among lower credit score borrowers. He noted no significant macroeconomic stress signs. Consumer confidence dipped in November due to job and financial concerns, partly from the recent government shutdown. Fitch Ratings highlighted rising consumer credit risk, especially for lower-income borrowers. However, Barclays' Sean Murray expressed optimism about credit cards and consumer lending, noting increased spending and a strong holiday season.