Banking/Credit
Consumer credit risk was in retreat in 2021. It might begin to return next year, though not necessarily in a way that should worry bank investors yet. The average rate of delinquent payments rose from October to November across loans from six large credit-card banks, according to master trust figures compiled by S&P Global Market […]
After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse CS, +3.57%, one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter. Credit Suisse’s view is at odds with that of […]
The Shopper Monetary Safety Bureau has wide-ranging powers to control and police the monetary providers trade, and for the primary time in 4 years it has a director in Rohit Chopra who seems poised to make use of these powers to the fullest. Observers have speculated as to Chopra’s priorities for his tenure, however highly […]
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