Card Charge-offs

Third-Quarter Card Charge-Offs Hit 7 Yr Hi & Reserves Soar 10%

Third-quarter card charge-offs among the Top 4 U.S. bank credit card dropped sharply from the prior quarter, a historical pattern, but up slightly from one-year ago, remaining the highest for a third-quarter in seven years. Credit card charge-offs among the nation’s Top 4 credit card issuers decreased 36 bps (basis points) sequentially in the third-quarter…