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  • NEW YORK, Jan 25- All this time you thought your romantic appeal was due to your clothes, your looks or your charming personality. Turns out, all you had to do was cut up your credit card. "People just don't want to enter into a relationship with someone with debt," said Sean McQuay, NerdWallet's credit card expert. "

  • Jan 22- Activist hedge fund ValueAct Capital Management LP, managed by Jeff Ubben, is no longer a shareholder in credit card issuer American Express Co, CNBC reported, citing sources. ValueAct Capital Management, which played a key role in shaking up Microsoft Corp's management, is known for making long-term investments. American Express and ValueAct Capital...

  • Jan 21- Credit card issuer American Express Co said it would cut $1 billion in costs by the end of 2017 as it responds to intensifying competition in the payments industry. Net income attributable to common shareholders fell to $873 million, or 89 cents per share, for the quarter ended Dec. 31, from $1.44 billion, or $1.39 per share, a year earlier.

  • People walk in front of the American Express offices in New York City.

    Earnings per share, excluding certain items, came in at $1.23 on $8.39 billion in revenue.

  • SOUTHWEST EXPECTS $110 MILLION BENEFIT IN FIRST QUARTER FROM CHASE CREDIT CARD MARKETING AGREEMENT- CFO.

  • *Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...

  • DELTA EARNED $100 MILLION IN FOURTH QUARTER FROM CREDIT CARD MARKETING AGREEMENT WITH AMERICAN EXPRESS- DELTA PRESIDENT.

  • SANTANDER, BANKINTER, BANCO POPULAR AND APOLLO CONSIDERING BIDS FOR BARCLAYS' IBERIAN CREDIT CARD BUSINESS- SOURCES.

  • BARCLAYS TO SELL CREDIT CARD OPERATIONS IN SPAIN AND PORTUGAL- SOURCES.

  • PRELIMINARY BIDS FOR BARCLAYS' COMBINED IBERIAN CREDIT CARD BUSINESS DUE BY JAN 19- SOURCES.

  • MADRID/ LONDON Jan 19- Barclays is selling its credit card operations in Spain and Portugal, and Spanish bank Santander and U.S. private equity firm Apollo are among the interested parties, according to four sources familiar with the matter. It has already sold its retail and corporate banking divisions in Spain and Portugal as part of a drive to shrink its...

  • Reflecting this, Bank of America's provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...

  • PHILADELPHIA, Jan 13- A former Capital One Financial Corp analyst was found liable on Wednesday on civil charges that he engaged in insider trading by using non-public sales data from the credit card issuer to buy and sell stocks. A federal jury in Philadelphia agreed with the U.S. Securities and Exchange Commission that information used by the Capital One...

  • Jan 11- A former Capital One Financial Corp analyst, accused by U.S. regulators of using sales data from the credit card issuer to engage in insider trading, goes on trial on Monday in federal court in Philadelphia. The civil trial of Nan Huang follows a complaint by the U.S. Securities and Exchange Commission a year ago against both him and another former Capital...

  • The cost of borrowing offshore yuan in Hong Kong's interbank market surged Monday as the amount of spare renminbi in the banking system declined.

  • SAO PAULO, Jan 9- Brazilian lenders Banco Bradesco and Banco do Brasil are in talks to buy Citigroup's stake in a credit card processing joint venture with Elavon Inc, a source with knowledge of the negotiations said on Saturday. Reuters reported in November that Citigroup had put the stake up for sale after Brazil's central bank said the joint venture needed...

  • BOSTON, Jan 4- Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12- year partnership that has generated billions of dollars in fees. The switch is another setback for American Express, already reeling from its lost deal with warehouse club retailer Costco Wholesale Corp....

  • Fidelity Investments

    Fidelity said it is dropping American Express and Bank of America, ending a 12-year partnership that has generated billions of dollars in fees.

  • BOSTON, Jan 4- Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12- year partnership that has generated billions of dollars in fees. The switch is another setback for American Express, which already is reeling from its lost deal with warehouse club retailer Costco Wholesale...

  • Holiday retail sales get a boost

    The demand for furniture and woman's clothing helped give u-s retail sales a boost nearly 7.9-percent.