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  • Credit card losses may surpass historical peaks Reuters via Yahoo! News - Nov 03 9:48 AM Rising job losses, volatile energy prices and fewer refinancing options will lead to higher delinquencies that are likely to push U.S. credit card portfolio losses past historical peaks in 2009, Fitch Ratings said in a report on Monday.


  • Citi Lost $1.4 Billion on Credit Card Securitizations New York Times - Nov 03 3:37 AMCitigroup lost $1.4 billion from packaging credit card loans into bonds in the third quarter, a regulatory filing showed on Friday, according to Reuters.


  • Fitch: Credit card losses to continue into 2009 AP via Yahoo! Finance - Nov 03 1:46 PM A growing number of delinquencies could lead to record losses for some credit card companies in 2009, according to a report issued Monday by Fitch Ratings.


  • Accused credit card thief pleads innocent The Daily Item - Nov 04 12:24 AMSALEM - Bail for a man accused of going on a shopping spree at Sears Department Store in Peabody with a stolen credit card remains at $5,000 cash, after pleading innocent.


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