Relevant:
- Washington Mutual curbs subprime loans, profit up
- Goodwill Impairments Drive Fifth Third’s $2.2 Billion Loss
- JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%
- Impac Posts $152.5 Million Loss, Focused on ‘Preserving Liquidity’
- US Credit Card Defaults Surging Higher as Delinquent Balances Reach Record Levels
2008-01-15 — blogspot.com
'Consumer lending net credit losses were higher by $396 million over last year, primarily driven by losses in the consumer mortgage portfolio. In US cards, net credit losses were up by $156 million, reflecting higher write-offs, lower recoveries and higher average yield balances.'
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