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C » Topics » Consumer Credit Outlook

These excerpts taken from the C 10-K filed Feb 27, 2009.

Consumer Credit Outlook

Consumer credit losses in 2009 are expected to increase from prior-year levels due to the following:

 

•  

Continued deterioration in the U.S. housing and labor markets and higher levels of bankruptcy filings are expected to drive higher losses in both the secured and unsecured portfolios.

•  

Negative economic outlook around the globe, most notably in EMEA, will continue to lead to higher credit costs in Global Cards and Consumer Banking.


 

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Consumer Credit Outlook

Consumer credit losses in 2009 are expected to increase from prior-year levels due to the following:

 

•  

Continued deterioration in the U.S. housing and labor markets and higher levels of bankruptcy filings are expected to drive higher losses in both the secured and unsecured portfolios.

•  

Negative economic outlook around the globe, most notably in EMEA, will continue to lead to higher credit costs in Global Cards and Consumer Banking.


 

59

Table of Contents

 

This excerpt taken from the C 10-K filed Feb 22, 2008.

Consumer Credit Outlook

Consumer credit losses in 2008 are expected to increase from prior-year levels due to the following:

 

•  

Continued deterioration in the U.S. housing market is expected to drive higher losses in the first mortgage and second mortgage portfolios.

•  

Higher levels of delinquencies and bankruptcy filings are expected to drive higher losses in U.S. Cards and U.S. Retail Distribution.

•  

Increased credit costs in International Cards, International Consumer Finance, excluding Japan, and International Retail Banking as their growing portfolios season or mature and may be affected by economic and credit conditions in the U.S. and around the world.

•  

The difficult credit environment in the Japan Consumer Finance business from the impact of changes to consumer lending laws enacted in 2006, as well as deteriorating consumer credit conditions in Japan are expected to drive higher credit costs.


 

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This excerpt taken from the C 10-K filed Feb 23, 2007.

Consumer Credit Outlook

Consumer credit losses in 2007 are expected to moderately deteriorate from prior-year levels due to the following:

 

•  

Increased bankruptcy write-offs in U.S. Cards and U.S. Retail Distribution.

•  

Increased credit costs due to seasoning of the rapidly growing Home Equity portfolio in U.S. Consumer Lending.

•  

Increased credit costs in International Cards, International Consumer Finance, excluding Japan, and International Retail Banking as the growing portfolio in all businesses seasons, although the underlying credit environment in all businesses are forecast to remain stable.

•  

In International Consumer Finance Japan the impact of the changes to consumer lending laws enacted in 2006 will continue to affect the credit environment.


 

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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009
10-K
Feb 22, 2008
10-K
Feb 23, 2007

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