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Even if banks expected credit deterioration, they could not reserve against unincurred losses.
Instead of producing the expected credit card, she proposed an unusual barter.
And they said they expected credit to become more scarce in months to come.
Mortgage delinquencies, Mr. Dimon said, had leveled off and he expected credit card charge-offs to continue to fall.
Credit panics are self-fulfilling shocks to expected credit conditions which cause transitions from an optimal but fragile steady state to a suboptimal state with zero unsecured credit.
Lenders expected credit scoring criteria on credit card lending to "tighten significantly" in the second quarter, the Bank said.
Similar(42)
Customers expect Credit Karma to serve up better offers because that was the founding expectation of the relationship.
We can't expect credit unions to do all of it.
Wells Fargo, which acquired the Wachovia Corporation last fall, says it expects credit losses to peak in 2010.
There is no reason to expect credit card companies to offer their services free.
But you were a Material Girl, too, turning your pal into a piggy bank and expecting credit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com