TITLE

Near Possible Peak, Chargeoffs Face Bumpy Ride

AUTHOR(S)
Terris, Harry
PUB. DATE
February 2010
SOURCE
American Banker;2/25/2010, Vol. 175 Issue 30, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses chargeoffs by credit-card lenders. Investors expecting that lenders will be able to substantially reduce their loan-loss reserves soon may be disappointed. Persistently high unemployment will continue contributing to loan losses. Unlike with past economic downturns, consumers have little in the way of personal savings or home equity as sources of funding.
ACCESSION #
48329036

 

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