http://www.zerohedge.com/news/2015-07-24/did-canary-credit-coalmine-just-croak-capital-one-credit-loss-provisions-soar-60
The biggest shocker in COF's earnings release was something found between COF's top and bottom line: a surge in provisions for credit losses: at $1.1 billion this was a jump of 21% from Q1 and up a whopping 60% from the year prior. It was also the biggest credit loss provision the credit card company has taken since Q2 2012.
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