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Old July 15th, 2009 #621
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Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
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Default How are those illegal alien accounts working out for ya, bank of america?

Bank of America Credit-Card Charge-Offs Reach 13.86% (Update1)

By Peter Eichenbaum

July 15 (Bloomberg) -- Bank of America Corp., the biggest U.S. bank by assets, said net charge-offs on its credit-card trust rose to 13.86 percent in June from 12.5 percent a month earlier.

Payments overdue by 30 days or more fell to 7.73 percent from 7.95 percent in May, according to data posted today by the Charlotte, North Carolina-based lender on it Web site.

Bank of America’s charge-off rate was the highest among five U.S. credit-card issuers that reported today, and one of only two that climbed from the previous month.

American Express Co., JPMorgan Chase & Co. and Discover Financial Services reported month-to-month declines, while charge-offs at Capital One Financial Corp. rose.
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