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Published 16:36 IST, April 22nd 2024

US banks exercise caution as lower-income borrowers struggle

First-time and low-income borrowers are experiencing heightened default rates on their loans compared to their higher-income counterparts.

Reported by: Business Desk
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Major US banks show profit boost
US banks exercise caution as lower-income borrowers struggle | Image: Pexels
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16:36 IST, April 22nd 2024