(Bloomberg) - Citigroup Inc. is set to put aside hundreds of millions of dollars more than it did last quarter to account for potential losses on loans and credit cards, an early sign that the biggest US banks may be bracing for deteriorating consumer health.
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https://www.bloomberg.com/news/articles/2025-06-10/citi-to-set-aside-more-money-for-losses-on-loans-credit-cards?srnd=homepage-americas&sref=QEebQnRf
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https://www.bloomberg.com/news/articles/2025-06-10/citi-to-set-aside-more-money-for-losses-on-loans-credit-cards?srnd=homepage-americas&sref=QEebQnRf
Comments
In the US, Capitalism can’t exist without socialism bailing it out. It’s that *to big to fail* moniker of *trickle down* BS we’ve been fed for decades.
LendingTree states that the average APR for new credit card offers in June 2025 is 24.33%, marking a slight increase from previous months.