U.S. Banks’ Bad-Debt Pile Creeps Higher With Credit-Card Losses
- Charge-offs add to speculation cards are at inflection point
- Healthy economy means banks’ consumer units remain robust
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For the biggest U.S. banks, not all consumer debt is created equal.
Credit-card losses are outpacing auto and home loans at a rate not seen in at least a decade. The question is whether banks’ plastic problem is an outlier or an omen.