TITLE

S&P Report Warns On Credit Card Debt

AUTHOR(S)
Barnett, Chip
PUB. DATE
December 2001
SOURCE
Bond Buyer;12/28/2001, Vol. 338 Issue 31293, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the pressure exerted on U.S. credit companies by increase in charge-off rates due to recession and unemployment according to the U.S. rating agency Standard & Poor's Corp.'s chief economist David Wyss. Factors for the increased pressure; Impact of the cut in the federal funds rate by the Federal Reserve Board.
ACCESSION #
8593662

 

Related Articles

  • The war against write-offs: Are we combat-ready? Gerlach, Teresa Britt // Secured Lender;Mar/Apr95, Vol. 51 Issue 2, p18 

    Discusses whether the asset-based financial services industry is prepared to deal with debt write-offs. Techniques of effective credit management; Determination of acceptable level of write-offs; Additional provisions an experienced loan officer w ould have to negotiate with the borrower as...

  • Write-downs hit SNS Property Finance results.  // EuroProperty;3/1/2010, p5 

    The article reports on the financial performance of SNS Property Finance with large amount of write-downs for the year 2009.

  • Charge-Off Rates Rise.  // Mortgage Servicing News;Sep2006, Vol. 10 Issue 8, p3 

    The article reports on the study conducted by BenchMark Consulting which found that the charge-off rate by dollar volume has fallen while the number of consumer loan charge offs is rising in Atlanta, Georgia. The data suggest that lenders are changing off smaller balance consumer loans. The...

  • Retail Credit Charge-Offs To Increase, Fitch Says.  // ISO & Agent Weekly;12/18/2008, Vol. 4 Issue 45, p5 

    The article reports on the increasing charge-offs to retail credit in the U.S. According to the Fitch Ratings' Retail Credit Card Index, retail credit card charge-offs are poised to surge in 2009 as more borrowers fall delinquent. Mike Dean, managing director at Fitch, stresses that retailers...

  • small issuers' last stand? Fitzgerald, Kate // Cards & Payments;Aug2009, Vol. 22 Issue 7, p22 

    The article offers a comparison of charge-off rates between big and small credit card issuers in the U.S. According to the author, large companies' charge-offs in 2008 ranged from 4.07%-9.32%, while small issuers have rates that did not exceed 3.9%. The author noted that the figures were part of...

  • Bankruptcies Boost Chargeoffs. Kuykendall, Lavonne // American Banker;6/16/2005, Vol. 170 Issue 115, p5 

    Reports that MBNA Corp. attributed high loan losses in May 2005 to consumers who were rushing to file for protection from creditors before new bankruptcy law goes into effect. Statistics related to the increase in loan chargeoffs; Financial performance of the company in May 2005.

  • The Other Meltdown? Accountability of CEOs. Sraeel, Holly // U.S. Banker;Dec2007, Vol. 117 Issue 12, p10 

    The article discusses the problems encountered in the financial services industry in the U.S. The author states that the chaos raining down on the industry in the wake of huge amounts of writedowns at some of the largest shops is just the beginning of the credit-market storm. The author adds...

  • Capital One, S&P Data Reflect Season, Rate Moves. Kuykendall, Lavonne // American Banker;12/13/2004, Vol. 169 Issue 237, p7 

    Discusses how Capital One Financial Corp. reported a 25-basis-point rise in chargeoffs for November 2004, but analysts expect loan growth and lower delinquencies to improve the company's credit quality. Details of the chargeoffs; Financial performance of the company; Consideration of the...

  • Cap One: April Chargeoffs Rose.  // American Banker;5/16/2008, Vol. 173 Issue 95, p6 

    The author reports on an increase of net chargeoffs which were experienced by Capital One Financial Corp. in April 2008. Areas in which the company's delinquencies increased and decreased are mentioned. Increases and decreases which Capital One experienced in charge-offs of specific types of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics