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BofA: Credit card loss rate could have peaked in Q3

Source: Reuters
New York City : NY : USA | about 1 month ago  
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  • Visa credit cards are displayed in Washington
    Visa credit cards are displayed in Washington
    Source: Reuters
Visa credit cards are displayed in Washington
Bank of America Corp's ( BAC.N ) credit card loss rate may have peaked in the third quarter, but it will remain elevated for a "substantial number of quarters," the bank's head of consumer banking said on Thursday. Bank of America, the largest U.S. bank, has shown the highest credit card loss rate among...
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  • News Source: Seattle Times | about 1 month ago
    N.C. — Bank of America Corp. on Thursday reiterated that the current credit environment is will remain difficult into next year, as unemployment is likely to continue to rise. Brian Moynihan, head of the bank's consumer and small business banking...
  • News Source: Reuters | about 1 month ago
    Bank of America Corp's ( BAC.N ) credit card loss rate may have peaked in the third quarter, but it will remain elevated for a "substantial number of quarters," the bank's head of consumer banking said on Thursday. Bank of America, the largest U.S.
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  • Blog Source: shermanoaksrealestateexpert.blogspot.com
    The number of recorded default notices peaked in the first quarter of this year at 135431, although that number was inflated by deferred activity from the prior four months. ... Along with Bank of America (1979) and World Savings (4237), they were
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