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Stock Investing > Mishs Global Economic Trend Analysis

Capital One Chargeoffs Rise To 9.4%; American Express Chargeoffs 10%; Card Issuance Drops 50%

Mike Shedlock | Mon, 06/15/2009 - 3:21pm | American Express, Capital One, credit crunch, economic worries |  7 comments

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Credit cards losses are accelerating at Capital One, a trend one should expect to continue given the rapidly rising unemployment rate. Interestingly, Capital One is returning TARP funds. Please consider Capital One Card Write-Offs Advance to 9.4 Percent . Capital One Financial Corp., the Virgin
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