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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (66244)	7/17/2006 10:46:15 AM
From: ild	Read Replies (2) \| Respond to of 110194

From Citi report: U.S. Consumer Lending -- Revenues declined, as 21% growth in average loans was offset by net interest margin compression across the loan portfolios. The revenue decrease also reflected a decline in net mortgage servicing revenues, which was partially offset by higher gains on loan sales. -- Expenses increased 8% on increased business volumes. Lower credit costs reflected a $75 million pre-tax loan loss reserve release. biz.yahoo.com Pure retail banks must be hurting. EDIT: Today I added WFC and BKX July poots.