Credit performance weakened across Bank of America’s indirect and direct consumer portfolio in Q4, but growth expected in ...

Credit losses represent a significant area of focus in financial statement audits. As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating ...

According to a new survey by financial information company Sageworks, U.S. banks and credit unions that are preparing for proposed changes to how they must estimate credit losses anticipate they’ll ...

Consumer loan delinquency growth has stabilized, and Capital One is starting to capitalize on the tailwind. COF will likely see increasing margins from lower credit loss expenses as delinquency and ...

Citigroup Inc. said its cost of credit was about $2.7 billion in the third quarter, up from $1.8 billion in the year-earlier period, driven by higher cards net credit losses and a higher allowance for ...

The current banking environment continues to be shaped by a challenging interest rate backdrop, heightened competition for deposits and a renewed focus on balance sheet resilience. Across the sector, ...