Capital 1 credit card charge-offs improve in May

New York City : NY : USA | Jun 15, 2010 at 9:15 AM PDT

Source: San Diego Union-Tribune

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Capital One Financial Corp. customers made more credit card payments on time in May for the second straight month, the bank said Tuesday. The company said in a Securities and Exchange Commission filing that its net charge-offs in May fell to $436.2 million, or 9.48 percent of its U.S. balances. FULL ARTICLE AT San Diego Union-Tribune

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