Global credit rating agency Moody’s says increased scrutiny by consumers and regulators of the environmental and sustainability practices within the apparel industry pose a financial and reputational risk to companies that don’t adapt. In a research announcement released Wednesday (April 7), Moody’s said the global...
Japan’s struggling regional banks are taking on riskier investments as they struggle to survive. The banks have been hurt by rock-bottom interest rates, as well as an industry shakeout, according to Bloomberg. While authorities are promoting consolidation, the banks are attempting to avoid it by...
Moody’s Investors Service has released its Q1 report on consumer loans and their performances for the biggest U.S. retail banks. The loans includes auto, credit cards and mortgages, according to a release by the company. Credit card charge-offs increased to 3.64 percent in the first...
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009, possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off...
November 29, 2021
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service on Monday (Nov. 29). Moody’s Associate Managing Director, Elena Duggar, told Reuters that the new variant “poses risks to global growth and inflation,” particularly as […]
September 03, 2019
Japan’s struggling regional banks are taking on riskier investments as they struggle to survive. The banks have been hurt by rock-bottom interest rates, as well as an industry shakeout, according...
April 26, 2019
Moody’s Investors Service has released its Q1 report on consumer loans and their performances for the biggest U.S. retail banks. The loans includes auto, credit cards and mortgages, according to...
June 09, 2017
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest...
