U.S. Credit Card Charge-Off Rates – Slowly But Surely Marching North in Q2
Credit card charge-offs, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) decreased 16 basis points (bps) sequentially (QTQ), and up 8 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 2Q/18, dipped 5 bps QTQ and up 8…