Friday, May 15, 2009

CNBC: Record Credit Card Defaults in April

by Bill McBride on 5/15/2009 03:03:00 PM

From CNBC: Credit Card Defaults Reach Record Highs in April

U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates ...
AprilMarch
Citigroup10.21%9.66%
Wells Fargo10.03%9.68%
JPMorgan Chase8.07%7.13%
Discover Financial Services8.26%7.39%

And the beat goes on ...