Credit Card Issuers See Improvements in July

Wednesday, September 8th, 2010

Five of the largest credit card issuers in the country reported lower charge-off and delinquency rates in July just as a separate report verified industry-wide improvement. Bank of America, Capital One, Citigroup, Discover, and JP Morgan Chase all said that charge-offs and delinquencies fell in their credit card units ...

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Consumers took on more mortgage debt in July

Wednesday, August 25th, 2010

Consumers took on 2bn more mortgage debt than they repaid in July, according to the latest figures from the British Bankers` Association (BBA). This represented a 4.1% annual increase in net mortgage lending by banks, the report adds. Gross mortgage lending came to 8.4bn in July, ...

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