The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings...
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...
America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could...
American banks reported nearly $19 billion in loan losses during the second quarter. As the Financial Times reported Wednesday (Aug. 9), the $18.9 loan-loss rate...
KeyCorp’s profits plunged 50% as the regional lender set aside more funds for credit losses. The bank released earnings Thursday (July 20), showing that its provisions for...
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...
European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial Times reported the...
Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing the viral pandemic...
Walmart filed a lawsuit against Synchrony Financial, its credit card issuer for years, contending a breach of contract. The Wall Street Journal, citing the lawsuit...