Citigroup (C) Master Trust (Dec) net charge offs 2.51% (prev. 2.11%); Credit Card delinquency rate 1.33% (prev. 1.28%)
Citigroup's reported increase in net charge-offs and the slight rise in credit card delinquency rates suggest a deterioration in credit quality, which could raise concerns about future performance and risk management within the bank.
Wells Fargo (WFC) launches an USD 8bln four-part debt offering
US President Trump to lower tariffs to 15% on goods from Taiwan; Taiwan pledges USD 250bln each in chip investment and credit guarantees
Citigroup (C) Master Trust (Dec) net charge offs 2.51% (prev. 2.11%); Credit Card delinquency rate 1.33% (prev. 1.28%)
Goldman Sachs (GS) names BlackRock's (BLK) Lynam as chief credit strategist
American Water Works (AWK) to invest USD 46-48bln in system upgrades over the next ten years
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This trend may pressure investor sentiment, particularly in the banking sector, indicating potential impacts on valuations and profitability moving forward.
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