Pandemic Supply Chain Pivots, Cross-Border Conversion, P2P Payments Top This Week’s News
PYMNTS
JUNE 19, 2020
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. Bank profits in the United States took a 69.6 The profits just hit $18.5 billion as the COVID-19 health crisis keep making lenders write off debt and stash billions to prevent losses at a later time. percent hit for Q1 compared to the same period in 2019.
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