Another threat to CCS was the economy, since loan losses also affected its profitability. ... Periodically, Chase securitized a portion of its credit card portfolio by selling a pool of credit card receivables to a trust, which issued securities to investors. The receivables underlying the securities that were sold to investors were not included in Chasea#39;s consolidated results. ... David Coulter, the former CEO of Bank of America, was now running the J. P. Morgan Chase commercial bank, of whichanbsp;...
|Title||:||Strategic Management Sixth Edition, Custom Publication|
|Author||:||Charles W. L. Hill, Hill|
|Publisher||:||Houghton Mifflin - 2003-06-01|