Chase
Rate hikes on best customers blamed on Providian acquisition

Chase thinks it's got creditors by the balls! What I don't think they realize is that members of the House and Senate have accounts with them also and are hearing from their constituents. Chase made bad business decision after bad business decision and like others were deemed to big to fail.

After a battle with Citi over Providian, Chase execs were seething with greed. The anticipation of all that revenue they'd be getting. Not sure if they failed to realize or just didn't care but, a lot of Providian's business was from people with bad credit. Huge mistake now. What looked like a great deal turned out to be a costly mistake and they are making their best customers pay for it!

Chase sucks!

Company: Chase
Country: USA

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