Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations. And credit card balances and delinquencies have been rising as consumer...
Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also...
KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods. They rose to $76 million during the quarter,...
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...