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What will the credit card companies do?

October 24, 2009 – 1:19 pm – No Comment
What will the credit card companies do?

All the credit card companies are reporting a huge rise in delinquencies. The problem I see is that not only are there more and more defaults of credit cards, but these are the same banks that faced huge losses in the subprime mess.
Most the companies …

Captial One posts yet another loss

April 21, 2009 – 8:41 pm – No Comment

This year Capital One stock has not been “in your wallet” and has lost 52% of its stock value this year. Today it reported its second quarterly loss when it set aside assets for bad loans and delinquencies.

The McLean-based banking and credit card lender …