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IMPORTANT: Bing News RSS feed has moved!Fitch expects credit stress to remain at manageable levels. Overall, the economy of WBS' footprint has fared better than other regions during the recession, as NPAs and net charge-offs (NCOs) at New England banks continue to run at significantly ... Read moreFitch Affirms Webster Financial Corporation's Ratings; Outlook StableNet interest income before provision for credit loss totaled $6.2 million for the three ... increase of $9.1 million between the two nine-month periods. Net loan charge-offs totaled $15.1 million for the nine months ended September 30, 2011 ... Read moreUnited Security Bancshares - Focusing on Credit QualityWhile credit insurance and debt protection have been long-time staples for credit unions as part ... The services protect members’ loans, reduces chargeoffs and delinquencies, and shows members and potential members that their CUs wants ... Read moreDebt Protection Demand Increasesalthough we believe that it will be partially offset by continued improvement in interest charge-offs. A decline in credit card yield, together with the addition of lower rate student loans from the acquisition of SLC would lead to a further ... Read moreThe Zacks Analyst Blog Highlights: Discover Financial Services, Tree.com, MasterCard, Visa and Anadarko PetroleumNov. 22 (Bloomberg) -- U.S. lenders had net income of $35.3 billion in the third quarter, their best performance in four years, as loan-loss provisions and net charge-offs declined ... biggest cuts occurring at credit-card issuers, the FDIC ... Read moreU.S. Banks Had Most Profitable Quarter Since 2007, FDIC SaysThe Student Loan Corp. (SLC) acquisition comes in line with the company's long-term goal of bolstering its ... offset by continued improvement in interest charge-offs. A decline in credit card yield, together with the addition of lower rate ... Read moreDiscover Downgraded to Neutral - Analyst BlogFitch Ratings has affirmed the long-term Issuer Default Ratings (IDR ... Fitch remains concerned given the high levels of NPAs and net charge-offs (NCOs) compared to similarly rated banks. Most concerning is the upward trend in NPAs when ... Read moreFitch Affirms First Commonwealth Financial Corp's LT IDR at 'BBB'; Outlook StableThe average U.S. consumer credit card chargeoff rate declined again in October ... "We expect this trend of falling chargeoffs, which has been in place for nearly two full years, to continue into the coming year, eventually moving the chargeoff rate ... Read moreCard Chargeoff Rates Drop AgainNEW YORK--(BUSINESS WIRE)--Fitch Ratings affirmed KEY's long-term Issuer Default Rating (IDR ... 30, 2010, and the lowest level of net-charge offs (NCO) since 2008 at 91bps for 3Q11. Additionally, despite the rate environment, NIM is expected to remain ... Read moreFor additional information, please see:
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