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Florida's faltering real estate market - hurt by the highest residential foreclosure rate in the U.S. - has left some of the nation's largest banks holding billions of dollars in questionable loans.
January 27 -
Despite an industrywide improvement in chargeoffs evident in fourth-quarter results, many credit card executives are wary of declaring an end to the harshest cycle in decades, with several issuers forecasting higher loan losses this quarter and beyond.
January 25 -
SourceMedia Inc., publisher of PaymentsSource, today announced the appointment of Douglas J. Manoni as chief executive officer. He replaces James M. Malkin, who has left the company.
January 19 -
SourceMedia Inc., publisher of PaymentsSource, today announced the appointment of Douglas J. Manoni as chief executive officer. He replaces James M. Malkin, who has left the company.
January 19 -
Lowell Group, the UK’s largest debt-buying company, according to Collections & Credit Risk research, named Paul Thomas, formerly with Capital One Bank, to become the company’s head of External Recoveries.
January 18 -
The number of small business owners who believe the economy is getting worse declined in December compared with November, according to survey data from Discover Financial Services.
January 13 -
The Federal Reserve earned $45 billion last year, money that will be returned to the U.S. Treasury. The dollar figure is the highest recorded in the 96-year history of the central bank and the numbers are good news for the federal budget.
January 13 -
If the banking industry was seeking clarity on the trend in consumer loan delinquencies, it did not receive it in the latest American Bankers Association data.
January 12 -
Fannie Mae reported this week that delinquencies in its mortgage portfolio are still rising even as the financier's portfolio size shrinks. Fannie said October's serious delinquencies, those at least 90 days behind, rose to 4.98% on single-family homes from 4.72% in September and 1.89% in October 2008.
December 29 -
Consumers worldwide cannot account for an estimated 20% of their weekly cash spending, according to statistics released last week by Visa.
December 29 -
Results of a newly released online survey conducted in November show that nearly one-third of consumers believe the economic downturn has yet to bottom out.
December 21 -
Capital One Financial Corp. reported yesterday that more of its U.S. credit card borrowers fell behind on payments in November.
December 17 -
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