Top 100 Credit Card Charge-Offs Soar Sharply in Q4 Raising Alarm Bells for 2017
The charge-off rate, seasonally adjusted (SA), among the top 100 U.S. banks for the fourth quarter (4Q/16) increased 33 basis points (bps) sequentially (QTQ), and up 46 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 4Q/16, surged 63 bps QTQ and up 58…