Post Profile






Morgan Stanley Asks "If Employment So Good," Why Is This Happening To Credit Card Delinquencies...

In a new downgrade of subprime lenders Capital One and Synchrony, Morgan Stanley sought to answer the nagging question of why subprime credit card losses are suddenly soaring, per the chart below, "if employment is so good." After reportedly spending the entire month of August analyzing that question, Morgan Stanley came to many of the same conclusions that we note a regular, recurring basis.
read more

share

Related Posts


This Week In Credit Card News: Subprime Card Market Heats Up; Could We See Mobile Banking Fees?

Business & Finance : Forbes: Business

Silicon Valley Lender Raises Nearly $50 Million for Subprime Credit Card Push LendUp, the startup online lender that has attempted to reinvent the payday loan, is plotting to take on a more mainstream financial product: the credit c...

This Is What Happens When The Government Cracks Down On Subprime Auto Loans

Business & Finance : Zero Hedge

A running theme here has been the great rotation of bubble-blowing credit from subprime housing to subprime auto-loans. Amid government probes of underwriting standards and soaring delinquencies, it appears when the least-creditwort...

Here's how much the average Amex, Visa, MasterCard, and Discover card owners spend per month

Business & Finance : Business Insider: Clusterstock

Different credit card holders spend differently. Those who use American Express as their primary card spend the most per month on average — around $1,687, according to a chart published by Morgan Stanley's Cheryl Pate. Meanwhile, th...

Subprime Auto Delinquencies Jump 17% In July, Net Losses Soar 28%

Business & Finance : Zero Hedge

There was a troubling development at the end of July, when as we noted at the time, the largest US subprime auto lender delayed its Q2 earnings released due to "Accounting matters", an event which promptly raised red flags not only ...

Credit Card Delinquencies Creep Up To Highest Levels Since 2012 As Subprime Issuance Soars

Business & Finance : Zero Hedge

As Obama's "recovery" rolls along, the Wall Street Journal points out that the delinquency rates of subprime credit cards has surged to the highest levels recorded since 2012. Moreover, per TransUnion data, delinquency rates on card...

Comments


Copyright © 2016 Regator, LLC