As 2023 winds down, Discover is eyeing 2024 and its increasing charge-off rate. “So what we’ve said previously is we expect charge-offs to peak sometime around the...
Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter. At the same time, consumer spending remained strong, the...
Until recently, consumers were largely paying off cards and other loans. Current headwinds may change that. It is a testament to consumer resiliency that credit...
America’s big banks are due to report their largest increase in loan losses since the pandemic. As the Financial Times reported Monday (July 10), analysts...
Credit card charge-offs reportedly crept up in March as consumers struggle to pay bills. On paper, the overall average rate of credit card delinquencies and...
Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a...
BB&T Corp., ahead of its planned buy of SunTrust banks, posted results that beat expectations and showed a slight decrease in non-performing assets. In terms...
Card delinquencies have remained steady at Bank of America, which reported June credit card delinquencies of 1.56 percent. The figure registered at the same rate...
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to...