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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (122979)	5/14/2008 10:19:30 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

Options are a foul temptress.

To: Peter V who wrote (122979)	5/15/2008 9:49:53 AM
From: Peter V	Read Replies (3) \| Respond to of 306849

Capital One Sees Charge-Offs, Delinquencies Climb after yesterday's downgrade by Citi, what does COF do after this good news? Go up, of course 6:56 AM ET 5/15/08 \| Dow Jones RELATED QUOTES 9:54 AM ET 5/15/08 Symbol Last % Chg COF 52.25 1.95% Real time quote. DOW JONES NEWSWIRES Capital One Financial Corp. (COF) saw net charge-offs in its U.S. card and international segments climb in April, as delinquencies dipped in the U.S. card segment but rose in the auto-finance and international businesses. In a filing with the Securities and Exchange Commission, the credit-card issuer and bank said net charge-offs in the U.S. card segment - which includes the domestic credit-card business, small-business lending and installment-loan business - rose to 6.08% of average loans held for investment in April, up from 6.07% in March and 5.5% in February. Meanwhile, charge-offs in the auto-finance business dipped to 3.49% last month from 4.09% in March and 3.87% in February. International charge-offs jumped to 6.34% from 4.8% and 5.45%, respectively. U.S. card loans 30 days past due continued falling, hitting 3.9% in April. The delinquency rate for auto-finance loans rose to 6.9% last month but is down from January's 7.42%. International delinquencies have been on a steady increase, reaching 5.2% in April. In April, a report by the American Bankers Association said delinquencies will continue to rise in the first half of 2008, warning that "no relief for consumers is in sight" amid what it called "stubbornly high" food and gas prices and "anemic" income growth. Customers have been getting behind on credit-card payments as they have been with home and auto loans. Capital One made its name in the direct marketing of no-fee credit cards. It made an aggressive push into Europe several years ago, building card businesses in the U.K., Spain, Italy and France. Last month, Capital One said it is cutting some 750 jobs in its U.K. operations, a reflection of its downscaled ambitions in Europe and part of a continuing cost-cutting review. The cuts are among 2,000 jobs companywide that Capital One said in June it would eliminate as part of a larger efficiency review. Shares of Capital One closed Wednesday at $51.25, and there was no premarket activity.