TITLE

Delinquency Drop a Good Loan-Loss Sign

AUTHOR(S)
Lepro, Sara
PUB. DATE
January 2010
SOURCE
American Banker;1/19/2010, Vol. 175 Issue 9, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the delinquency rates announced by major credit card companies declined in December, 2009, an indication that loan losses on credit cards may have reached a plateau. American Express Co. showed the most improvement in its credit card loan portfolio, with its delinquency rate falling to 3.7 percent.
ACCESSION #
47600750

 

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