US Speciality Lenders – Worse Credit Metrics, Especially Personal Loans
We look at credit metrics of three specialty lenders in the US, for newly announced results. Discover Financial Services (DFS US) mostly provides...
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Discover Financial Services - Even Higher Charge Offs
US credit card and personal lender, Discover Financial Services (DFS US) is seeing a surge in net-charge offs (NCOs) within its personal lending...
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HSBC Holdings Plc – Just Crazy Enough To Work
* Turning HSBC Into Tucker’s Town: In just two months, new Chairman Mark Tucker is already grabbing headlines. However, more than just headlines...
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Frailty in UK, US Consumer to Drag Down HSBC Profit
Weakness in UK property, US consumer finance and historically low impairment costs, point to weaker earnings for HSBC Holdings Plc (HSBA LN) when...
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US Credit Card Lender Reveals Worsening Stress
While many US banks have not reported rising NPLs or impairment costs, we are not convinced that the environment is particularly strong. There are...
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