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Asia Times

Covering geo-political news and current affairs across Asia

Tag: credit card debt

Posted inWorld

The US consumer remains the world’s biggest macro risk

by David P. Goldman August 20, 2018February 18, 2020

American banks are “tapping the brakes” on credit card issuance, The Financial Times reported Monday, as delinquency rates creep back up: “Measures of credit quality, while not flashing amber, are unmistakably headed in the wrong direction. Quarterly write-offs of bad credit card debt at US banks peaked at nearly $19bn in the first quarter of […]

Posted inUncategorized

Growing credit card losses in US set alarm bells ringing

by Asia Unhedged April 27, 2017February 18, 2020

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