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Banks gave 5.4M subprime borrowers credit cards in H1, a 64% Y/Y increase, as lenders seek...

Banks gave 5.4M subprime borrowers credit cards in H1, a 64% Y/Y increase, as lenders seek growth where they can find it. It's just a blip compared to the 14.7M cards issued in H1 2007, but the improving performance of recent credit card portfolios are making lenders more comfortable. Data suggest Citigroup (C) is leading the charge.
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