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Net charge-offs pick up at banks, captives in Q3

Outstandings yield mixed results

Riley Wolfbauer

Credit performance worsened in the third quarter at banks and captives as consumers are facing inflationary pressures and high interest rates.   Delinquencies and net charge-offs increased at every institution that reported performance metrics during the quarter except for PNC Financial, which saw delinquencies decline. Bank of America did not report delinquency numbers for Q3.  The […]

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