write-offs Archives - Citizen Watch Report

The largest US Banks are facing their worst Bad loan write-offs in 3 years

October 12, 2023 9:05 pm

by TonyLiberty The largest US Banks are facing their worst Bad loan write-offs in 3 years. (Bad loan write-offs are loans that banks have given up on collecting. When a bank writes off a loan, it takes the loss on …

Banks Face Looming Credit Crisis: Sharp Declines and Record Bad Loan Write-Offs Signal Imminent Credit Event

October 11, 2023 4:46 pm

The situation is getting serious as banks are experiencing one of the sharpest declines in lending activity ever recorded. This means they’re not lending money as readily as before. At this rate, we might be heading towards a “credit event,” …