Economic Crisis, Consumer Credit | featured news

economic crisis, consumer credit
(Image from article: "Credit card delinquencies at record high")

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Loan losses drag on Wells Fargo, other big banks

Several major U.S. banks, led by Wells Fargo & Co, said the troubled economy drove credit losses higher, reducing profitability in the second quarter.

 

Credit card delinquencies at record high

Credit card delinquencies at record high

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.

 

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