Tag Archive | “credit card charge-off”

Bank of America Credit Card Defaults Rise

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The Bank of America credit card charge-off rate raised to 13.82 %.


There has been recorded a fall of 4% in shares in premarket trading.

The details are that Bank of America Corp, which is considered to be the largest U.S. bank, has told on Monday that credit card defaults rise in July, due to the reason that more Americans lost jobs and many people continued to struggle to pay down their debts.

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