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Tag Archives: delinquencies

American Bankers Association reports increased card delinquencies

Jeremy Simon

The American Bankers Association has joined the chorus of voices warning that trouble in the economy is making life difficult for borrowers — and pushing delinquencies higher.
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American Express says Q1 profit fell

Jeremy Simon

American Express says its first-quarter profit was hurt by increasing loan-loss provisions and delinquencies, signaling that the economic slowdown is catching up with even AmEx’s more affluent cardholder clientele.
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Credit cards a bright spot for BofA

Daniel Ray

Delinquencies and charge-offs were up, but not shockingly so, at Bank of America, according to its first quarter results.
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