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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: DebtBomb who wrote (88815)	11/9/2007 1:05:19 PM
From: Giordano Bruno	Read Replies (1) of 110194

Capital One, the largest independent MasterCard and Visa credit card issuer, said its net charge-off rate rose to 3.28 percent in October from the third quarter's 2.86 percent. The charge-off rate in U.S. cards rose to 5.11 percent from 4.13 percent in the same periods, while card loans at least 30 days past due rose to 4.75 percent from 4.46 percent. "While management previously indicated that the U.S. card loss rate would trend north of 5 percent in the fourth quarter, we were surprised to see how fast this jumped," Credit Suisse analyst Moshe Orenbuch wrote.

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