2min chapter

Forward Guidance cover image

An Update On The "March Banking Panic" | Weekly Round Up

Forward Guidance

CHAPTER

Bank of America's Net Charge Offs Continue to Decline

Credit card volumes are up considerably, but the rate of spend continues to decline. For for Amex, I know it was up a lot for Bank of America, you know, not so much. But sending is still growing modestly and it is way better than sort of the recession. Doomsayers were saying in third or fourth quarter of last year that this would happen.

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