American Express has reported that its American consumer card delinquency rate was 1.4 percent for June, the same number it was in May, according to reports. The company’s write-off rate has fallen, however, from 2.5 percent in May to 2.2 percent in June. The company’s...
Summer is here, the heat is on and what’s on the menu for the next three months is more or less a known commodity. But the commerce ecosystem’s weather is far less a known commodity, and it’s occasionally hard to tell which way the wind...
India’s banking industry could be in trouble after the Narendra Modi government announced that $37 billion in loans have been written off by the country’s public sector banks during the past four years. Quartz, citing a written statement from the minister of state for finance...
October 11, 2023
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.3 billion in net charge-offs for the third quarter, more than double the figure […]
July 15, 2019
American Express has reported that its American consumer card delinquency rate was 1.4 percent for June, the same number it was in May, according to reports. The company’s write-off rate...
April 06, 2018
India’s banking industry could be in trouble after the Narendra Modi government announced that $37 billion in loans have been written off by the country’s public sector banks during the...
