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UK: Credit Card Issuers Feel Squeeze

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Paul Davis reports for the Financial Times on the financial pressures being faced by credit card issuers in the UK.

A slowdown in consumer spending, and a simultaneous rise in defaults as over-indebted consumers try to absorb higher fuel prices, are combining to reduce the outlook for interest-payment revenues for the credit card industry.

Posted: Oct 3, 2005 03:55 PM Pacific |   |   |   Tweet This

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