Citi credit card delinquency rate drifts up, net charge-offs slide in July

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Writedowns Cost Citigroup $2.5 Billion Loss In 2nd Quarter

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Citigroup's (NYSE:C) credit card delinquencies advanced sequentially in July, while net-charge offs retreated over the same period, the bank disclosed on Friday. Still, both metrics trailed their pre-pandemic marks.

The Citibank Credit Card Master Trust delinquency rate of 1.42% rose from

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