Big banks are bracing for higher credit card delinquencies and defaults
[ad_1] With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. CrowdStrike stock tumbles as fallout continues In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit … Read more