Times are tough for the American consumer, even without new student loan payments. A report Saturday (Sept. 30) by Bloomberg News catalogs the various ills: High gas...
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15)...
The U.S. office market is in uncharted territory as the amount of office space has declined for what is likely the first time in history....
Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover Financial and JPMorgan Chase reported in recent press...
Every earnings season tells a tale. So far the storyline is that consumers remain buoyant, are still willing to open their wallets and wield credit...
Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on...
When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic havoc, U.S. homeowners with mortgages on their properties were among the...
Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...
Before the deluge – of possible bankruptcies, that is – come the provisions. Earnings season has shed light on the actions banks are taking to...