Leading credit card lenders in the US are welcoming signs that customers are poised to increase their borrowings after paying down balances during the Covid-19 pandemic.
Depositors are reducing the cash cushions they built up during the crisis with the help of government stimulus payments and debt forbearance programmes.
Any increase in credit card borrowing would be good news for the banking industry, which has struggled to find profitable uses for the cash piling up on its balance sheets amid tepid loan demand.
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