3min chapter

Fintech Insider Podcast by 11:FS cover image

698. News: How Apple Card cost Goldman Sachs billions

Fintech Insider Podcast by 11:FS

CHAPTER

Is the Credit Card Market in the US a Subprime Market?

J.B. Morgan's expectations of or loan loss provision have been on a rise. They've added 50% increase from Q3 prediction. Bank of America is similar. So all of the big major American banks, and I would assume similar predictions, similar forecasting structure, will be coming from the European banks as well for anticipating a recession coming 2023.

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