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News@lemmy.world · 11 months ago

Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

cross-posted to:
personalfinance@lemmy.ml

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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

return2ozma@lemmy.world to

News@lemmy.world · 11 months ago

cross-posted to:
personalfinance@lemmy.ml

Banks are bracing for consumers to stop paying off their credit cards

Provisions for credit losses rose at JPMorgan, Citi, Wells Fargo, and Bank of America last quarter

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11 months ago
But the economy is doing great, we promise
- CaptainSpaceman@lemmy.world
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  Numbers may not lie but whoever massages them does.

News@lemmy.world

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