charge-offs

Discover card charge-offs soar; Four Seasons Maui faces default amid economic slowdown.

A financial shockwave reverberates: Discover credit card charge-offs peak since 2008, while Four Seasons Maui faces default on a $234 million loan. Amidst the unexpected downturn, even luxury icons falter, signaling broader economic turbulence. This is totally nothing like 2008 guys, relax! Also: Discover credit card charge offs hit highest level since 2008 pic.twitter.com/3152thEWBd — …

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