slowdown? credit-cards and still some winners


“Our expectation is for the economic environment to continue to be weak—and to likely get weaker—and for the capital markets to remain under stress,” he said. “We remain conscious that since substantial risks still remain on our balance sheet, these factors will likely affect our business for the remainder of the year or longer.”

What’s next? It seems that the credit-card business is going through a difficult time, due to late or default payments.

Who’s still winning? Those who can joggle their way through the economic slump.. Take example from JPMorgan.

“J.P. Morgan’s results look stellar compared with other banks and Wall Street firms even as it has also been affected by the housing slump and resulting credit crunch.”


No Responses Yet to “slowdown? credit-cards and still some winners”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: