How Other Credit Cards Dodged A Bullet

As the recession settled in late last year, credit-card issuers began to see signs of trouble. Unemployment was rising, households became squeezed, and debt payments grew late. Credit-card delinquencies, a leading indicator of industry troubles, ballooned to their highest levels in four years, and once-robust card profits began to wane.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.