Bank loan portfolio quality? I hadn't thought much about the banking industry until I started opening some of these credit card offers. Got another one from Citibank, 0% for one year, then 28.74% after that. Is that debt ever really going to get paid off? Perhaps huge write-downs coming in another year or two?
I'm just completely shocked by these loan shark rates. Seems like cc rates used to be 12.9%, 14%, that sort of thing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.