from Reuters:
U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more than 2 million jobs since the beginning of the year.
"U.S. card credit quality continues to struggle," John Williams, an analyst at Macquarie Research, said in a note to clients.
* Citigroup credit card charge-off rate at 10.21 percent
* Wells Fargo credit card charge-off rate at 10.03 percent
* Capital One changes customer bankruptcy accounting
* Banks' shares fall as much as 4 percent
