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Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there's 'reason to be cautiously optimistic," one analyst said.
NEW YORK (Reuters) - The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year. Banks have reaped high profits in recent quarters as the...
Goldman Sachs was urged to separate its CEO and chairman roles held by David Solomon to improve its corporate governance, according to two influential proxy advisers this week.
Rising loan losses, growing expenses eating into banks' bottom lines
Rising loan losses, growing expenses eating into banks' bottom lines