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Discover 'Surprised' By Low Credit Costs

Tags » Card Issuers, Discover

David Enrich reports for MarketWatch that Morgan Stanley's "Discover credit- and debit-card unit racked up record profits in the second quarter. But a key driver of the results - the smaller amount that Discover set aside to cover possible bad loans - might not last."

Date: June 21, 2006 at 06:54 PM Pacific   |      |  

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