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Capital One (COF) reports deteriorating credit quality in October, the 30-day delinquency rate...

Capital One (COF) reports deteriorating credit quality in October, the 30-day delinquency rate rising to 3.66% from 3.52% previously. Charge-offs on credit cards rose to 4.25% from 3.93%, for auto loans to 2.14% fro 1.97%. The numbers jibe with a report from Fitch showing worsening U.S. credit performance in October for the first time in a year.
Comments (1)
  • june1234
    , contributor
    Comments (2556) | Send Message
     
    Really, I thought we were in a recovery, That's what they keep saying you think there might ,might be a correlation between the labor dept's almost 400,000 new unemployment claims each and every week for the last 4.5 years and a banks deteriorating credit portfolio? just throwing that out there.
    15 Nov 2012, 08:20 AM Reply Like
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