May 17, 2023 @ 6:08 pm | Breaking News |
The typical pattern is for households to run up credit card balances for holiday shopping and then for consumers to pay down credit card balances in the first quarter. That’s what happens in a healthy economy where consumers are living within their means and...
August 28, 2020 @ 7:42 pm | Breaking News |
Capital One Financial (COF), the third-largest U.S. credit card lender, is cutting borrowing limits on it credit cards. The company has said it’s no big deal, telling Bloomberg that “Capital One periodically reviews accounts based on a variety of factors and may...
May 5, 2020 @ 7:10 pm | Breaking News |
Credit card issuers have already cut the credit limits or closed credit card accounts entirely for about 1 in 4 credit card holders–almost 50 million Americans–in the past 30 days, according to a survey byLending Tree’s Compare Cards website. The...
March 15, 2010 @ 5:24 pm | Leading Indicators |
If the economy is getting better, you’d expect defaults and delinquencies on credit cards to be falling, right? So are they? Is the credit card picture getting better or worse? It’s an important question for the direction of the economy: You can’t expect consumers to...
September 16, 2009 @ 8:32 am | Breaking News, Leading Indicators |
Credit card portfolios at the country’s major banks showed a rising tide of defaults in August. That pretty much wiped out the hope the July’s numbers, which showed a glimmer of improvement marked any bottom in bad loans for the sector. Consumers. whose...
September 15, 2009 @ 12:30 pm | Breaking News, Leading Indicators |
If you’ve wondered what JPMorgan Chase (JPM), one of the winners in the banking crisis, is going to do to savage more damaged competitors, wonder a little less. On September 14, the bank announced it is going after American Express (AXP) and its highly...
July 20, 2009 @ 9:51 am | Breaking News |
We’ve got half a banking recovery. That’s not at all the same as being halfway through a banking recovery. What the second quarter results from Goldman Sachs (GS), JP Morgan Chase (JPM), Citigroup (C), and Bank of America (BAC) tell us is that profits from the...