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The bank said charge-offs fell 16 percent in its consumer and corporate loan books, and fewer borrowers were falling behind on their credit card, home equity and mortgage loans.
Darnell will oversee businesses serving individual customers and clients, including deposit, card, home mortgage, wealth management, small business and related products and services.
"No one cares where they get their credit card, home or auto loan," says Sean Ryan, a banking analyst with Banc of America Securities.
As consumers slash discretionary expenditures, they may well decide that payments on credit card, home equity, auto and student loans are in that category.
Losses on credit card, home equity and auto loans that have been bundled into securities and sold to investors, for instance, show up in "other revenue" even though the bank is still on the hook.
"I certainly expected this and think this current round (of projected bank failures) is probably not the last," says Gary Shilling, President of A. Gary Shilling & Co. "As consumers retrench, they may decide that credit card, home equity and student loans are discretionary spending items.
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"We sent cards home, and her teacher was told".
GE Financial Network already offers insurance, mutual funds, credit cards, home mortgages and other financial services.
Students do not take their report cards home; a parent or guardian must pick them up at school.
Mohamed was called in to the intelligence office, given their national ID cards and asked to sign for them before he could take the cards home.
Credit cards, home equity lines, student loans, car financing: none come cheaply or easily in these credit-tight times.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com