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With Charge Offs Soaring, Capital One To Buy Discover, Creating Credit Card Giant

Posted on AllSides February 19th, 2024
From The Right

With Charge Offs Soaring, Capital One To Buy Discover, Creating Credit Card Giant With both delinquency and charge off ratios at the two largest credit card companies (targeting everyday consumers, unlike the top 10% focused American Express) in the US surging in the past two years to the highest level since the covid crash, and prompting speculation among traders that the US consumer is set for a painful hit (just a few days ago Goldman trader Rich Privorotsky said that "I think we are going to keep ignoring any consumer...

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https://zerohedge.com/economics/charge-offs-soaring-capital-one-buy-discover-financial

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