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NYQ:BAC:Bank of America Shuns Card Debt Ducks Subprime Label

August 31st, 2009 · No Comments

Bank of America Corp. (NYQ:BAC), saddled with the worst credit-card default rates among its biggest rivals, is shunning the asset-backed securities market it tapped for $13.7 billion last year. JPMorgan Chase & Co., Citigroup Inc. and American E ...

Tags: Credit Cards

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