Reuters reveals U.S. banks finally see upturn in credit-card borrowing - Reuters News Agency
Business & Finance

Reuters reveals U.S. banks finally see upturn in credit-card borrowing

Reuters took readers on a deep dive into how big U.S. banks including JPMorgan Chase and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. During pandemic lockdowns, consumers reduced credit card spending and paid down balances like never before, thanks to stimulus payments and cash from refinancing mortgages. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: North America
Countries: US
Win Types: Overall Coverage
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Important Regional Story
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