($C) Consumer Credit Lenders Face More Charge-offs
The November data for most credit card issuing companies point to an increase in net charge-offs. Consumer credit quality remains under significant strain as a result of a persistent weakness in labor markets. Citigroup Inc. (C) announced that net charge-offs for the month of November has increased to 10.29% from a low of 8.79% in October. Though [...] ($C) Consumer Credit Lenders Face More Charge-offs
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