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Saturday, November 28 2009  |  08:50 EDT  | 
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Market Currents

Monday, November 16, 2009
11:12 AM TweetThis
  • Credit-card defaults fell in the U.S., but delinquencies are up across the board. Capital One (COF) and JPMorgan Chase (JPM) reported the biggest increases in late payments to 5.72% and 4.95%. BofA's (BAC) charge-off rate fell to 13.22% from 14.25% - still the highest among issuers.
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This news story has 1 comment:

  •  
    short term profits on late fees...longer term doom from defaults.
    Nov 16 11:30 AM | Link | Reply
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