A Look At The Country's Largest Card Lenders: Credit Card Charge-Off Rates

What stands out here is the difference in these rates for Citigroup, which reported card loan charge-offs of almost 4% in Q3 2014, compared to American Express, which reported a figure of just 1.5%. The reason for this is fairly simple, as Citigroup?s geographically diversified credit card business is more prone to loan losses ? especially in developing nations. This, coupled with the changes in dollar value of loan write-offs due to currency movements, explains the fluctuations in this figure f...