April 2008
CardLine;4/18/2008, Vol. 8 Issue 16, p27
Trade Publication
The article reports a 20 percent decline in the net card income of Washington Mutual in the first quarter of 2008. The bank's non-interest card income of $418 million included the $85 million it earned from its share of Visa Incorporated's initial public offering in March. Average credit card receivables were $26.4 billion on March 31, the end of the quarter, up nearly 12 percent from $23.6 billion the same time last year.


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