Is the banking sector coping well?
Is the banking sector coping well?
Auto loan serious delinquencies of 90+ days spiked to 2.88%, the most since 2Q 2010. They are rising at a similar pace to the one seen in the 2008 Financial Crisis. Meanwhile, Auto loan debt hit a record $1.6 trillion. - X user Global Markets Investor
JPMorgan Chase, Bank of America, Wells Fargo and Citi recorded $6.9 billion in net charge-offs in Q3 of this year, primarily driven by credit card delinquencies and soured consumer loans. How about the regional banks? - DailyHodl
UNREALISED LOSSES BY U.S. BANKS 7x HIGHER THAN 2008 FINANCIAL CRISIS
With the above news, should we be concern about the banking sector?
How are we hedging?
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