Tag: credit card defaults

Credit Card Defaults To Increase Losses For Banks

| June 6, 2008 | 0 Comments

The credit crisis in the financial community continues.  Despite the markets rallying off of mid-March lows, we’ve been hit by a string of bad news.  Starting it off was Wachovia (WB).  The board of this $43 billion bank ousted their senior management.  The shares promptly fell to a new 52 week low. Then came Webster […]

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Economic Recession – Credit Card Defaults

| February 8, 2008 | 0 Comments

It was mid-morning in San Francisco when my office phone started ringing.  Our new client was on the line.  They were raising $100 million in capital, and wanted us to work on the deal.  My heart was pounding as the CFO outlined the details of the transaction.  Then he dropped a bombshell. We were starting […]

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