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DUBAI - Royal Bank of Scotland (RBS) will become the first bank in the UAE to introduce a monthly maintenance fee on its credit cards, while other banks may consider a similar move in future.

U.S. Credit Card Charge-Offs, Delinquencies Rise in November (Bloomberg)

Dec. 29 (Bloomberg) — November charge-offs on U.S. credit cards rose about half a percentage point to 10.56 percent, Moodys Investors Service said in a news release. The delinquency rate for November rose to 6.2 percent.

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