Credit card chargeoffs are continuing to grow, with no immediate signs of any change despite some improvement in overall financial institutional performance in the last couple of months.
Financial institutions will likely be looking to sell off more of their credit card debt, however, Kaukin Ginsberg analyst Dimitri Michaud said that large supply of portfolios mean that debt sales will continue their trend of weak pricing.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
