Banking concern now turns to credit card portfolios

As the economy tanks, the quality of credit card portfolios is likely to follow, which might add costly losses to the books of already troubled banks.

But the botheration is absurd to be as astringent as the one getting encountered by the active mortgage bazaar and could ambit broadly depending on the bank. Not every bank, for instance, holds acclaim agenda debt, and for those that do, it can be a baby allocation of all-embracing loans.

“It affects the big banks that have the big market share there quite a bit,” said Chris Bingaman, an equities portfolio manager at Columbus-based investment firm Diamond Hill Capital Management Inc. “Most regional banks have a modest exposure.”