Last week's announcement was terse and to-the-point. Advanta's Board of Directors, expecting a continuation of the recession as well as the further erosion of the company's capital, approved a plan to “dramatically limit the Company's credit loss exposure and maximize its capital and its liquidity measures.”
Pulling into Their Shell: Advanta Shuts Down New Credit Purchases
Posted by roseanderson under FinanceFrom http://www.americasbestcompanies.com 5445 days ago
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