The six largest U.S. banks share of the credit card securitization market has shrunk from 90% before the financial crisis to roughly 60%, according to Ildiko Szilank, an analyst at Standard & Poor's. Rule-making by the Federal Deposit Insurance Corp. on how it would treat securitized loans in the event a bank collapse into receivership has contributed to a decline in issuance, says Szilank.
Big Banks Share Of Credit Card Securitization Shrinking