article thumbnail

China’s Economy Has Slowest Pace Of Growth Since Early 2009

PYMNTS

That, according to the New York Times, marks the slowest economic growth rate since the beginning part of 2009. According to a report in the New York Times on Friday (October 19), the government in China said the economy grew 6.5 percent during the three months ending in September on a year-over-year basis.

New York 124
article thumbnail

Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

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 rate at 5.4 percent in 2016.

Cards 107
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

One Year of Zero Rates - Deposit Rates of 2009 vs 2020

BankDeals

I thought it would be interesting to compare this first year of zero rates with the first year of zero rates that took place from December 2008 to December 2009.

64
article thumbnail

Facebook's road to Libra: 2009 to 2019

Payments Source

Facebook's Libra project didn't come from nowhere. The social network has a long history of experimenting with digital payments, and launched a separate (and ill-fated) digital currency a decade ago.

Payments 140
article thumbnail

Easy-access savings rates at highest UK level since 2009

TheGuardian

Bank of England interest rate rises mean higher costs for borrowers but better returns for savers The average easy-access savings rate has improved to its best level in more than a decade, according to Moneyfacts. Savers can now typically receive 1.16% in annual interest on an easy-access account on the market, the website said. Continue reading.

article thumbnail

FTC permanently bans payment processor for violating 2009 order requiring monitoring of merchant clients

CFPB Monitor

A payment processor and its individual owner have entered into a settlement with the FTC to settle charges that they violated a 2009 federal district court order that required them to review and monitor their merchant clients to ensure that the merchants were not engaged in deceptive or unfair practices.

article thumbnail

Banks’ Brand Value Slumps for First Time Since 2009 Credit Crisis

Banking Exchange

US sector takes 5% hit – despite strong performance from J.P Morgan and Merrill Bank Performance The Economy Retail Banking Financial Trends Management Feature Customers Performance Feature3.

Branding 125