Why High Credit Card Delinquencies Aren’t Showing Up at the Big Banks
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Credit card delinquencies are reportedly on the rise, but this trend is not being reflected in the big banks. Some banks, such as Citigroup, have seen their card delinquencies decline or remain stable, despite an increase in charge-offs. The overall impact of rising delinquencies on the financial sector is unclear, with some outlets warning of potential losses and others noting record high household debt.
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