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  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • Midday Glance: Credit Card companies Monday, 23 Feb 2015 | 1:20 PM ET

    American Express Co. rose$. 28 or. 3 percent, to $80.11. Capital One Financial Corp. fell$. 96 or 1.2 percent, to $79.44. Discover Financial Services fell$. 25 or. 4 percent, to $60.29.

  • Early Glance: Credit Card companies Monday, 23 Feb 2015 | 10:40 AM ET

    American Express Co. fell$. 19 or. 2 percent, to $79.64. Capital One Financial Corp. fell$. 72 or. 9 percent, to $79.67. Discover Financial Services fell$. 42 or. 7 percent, to $60.12.

  • Feb 20- Manuel Medina-Mora, who helped build up Citigroup Inc's Mexico business only to see it run into trouble after he stopped managing it day-to-day, will retire in June, the bank said on Friday. Medina-Mora, who heads global consumer banking at Citigroup, was expected to retire before his 65th birthday in August, people familiar with the matter said.

  • Final Glance: Credit Card companies Friday, 20 Feb 2015 | 6:00 PM ET

    American Express Co. rose $1.43 or 1.8 percent, to $79.83. Capital One Financial Corp. rose$. 97 or 1.2 percent, to $80.39. Discover Financial Services rose$. 89 or 1.5 percent, to $60.54.

  • Midday Glance: Credit Card companies Friday, 20 Feb 2015 | 1:36 PM ET

    American Express Co. rose$. 93 or 1.2 percent, to $79.33. Capital One Financial Corp. rose$. 42 or. 5 percent, to $79.84. Discover Financial Services rose$. 12 or. 2 percent, to $59.77.

  • Early Glance: Credit Card companies Friday, 20 Feb 2015 | 10:50 AM ET

    American Express Co. rose$. 20 or. 3 percent, to $78.60. Capital One Financial Corp. fell$. 72 or. 9 percent, to $78.70. Discover Financial Services fell$. 18 or. 3 percent, to $59.47.

  • Final Glance: Credit Card companies Thursday, 19 Feb 2015 | 6:03 PM ET

    American Express Co. fell $1.38 or 1.7 percent, to $78.40. Capital One Financial Corp. rose$. 08 or. 1 percent, to $79.42. Discover Financial Services rose$. 39 or. 7 percent, to $59.65.

  • Midday Glance: Credit Card companies Thursday, 19 Feb 2015 | 1:28 PM ET

    American Express Co. fell $2.07 or 2.6 percent, to $77.71. Capital One Financial Corp. fell$. 06 or. 1 percent, to $79.29. Discover Financial Services rose$. 36 or. 6 percent, to $59.62.

  • Judge rules against American Express in antitrust suit Thursday, 19 Feb 2015 | 12:13 PM ET

    NEW YORK— American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday. The case was a major blow to American Express, who argued that its policies kept it competitive against the larger payment networks of Visa and MasterCard and their bank partners.

  • Early Glance: Credit Card companies Thursday, 19 Feb 2015 | 10:50 AM ET

    American Express Co. fell$. 41 or. 5 percent, to $79.37. Capital One Financial Corp. rose$. 06 or. 1 percent, to $79.40. Discover Financial Services rose$. 19 or. 3 percent, to $59.45.

  • Final Glance: Credit Card companies Wednesday, 18 Feb 2015 | 6:30 PM ET

    American Express Co. rose$. 70 or. 9 percent, to $79.78. Capital One Financial Corp. fell$. 66 or. 8 percent, to $79.34. Discover Financial Services rose$. 35 or. 6 percent, to $59.26.

  • Midday Glance: Credit Card companies Wednesday, 18 Feb 2015 | 1:18 PM ET

    American Express Co. rose$. 84 or 1.1 percent, to $79.92. Capital One Financial Corp. fell$. 36 or. 5 percent, to $79.64. Discover Financial Services rose$. 31 or. 5 percent, to $59.22.

  • Early Glance: Credit Card companies Wednesday, 18 Feb 2015 | 10:54 AM ET

    American Express Co. rose$. 52 or. 7 percent, to $79.60. Capital One Financial Corp. fell$. 15 or. 2 percent, to $79.85. Discover Financial Services fell$. 05 or. 1 percent, to $58.86.

  • LOAN DELINQUENCY RATE UNCHANGED IN Q4 AT 4.3 PCT, BUT STUDENT LOAN AND AUTO LOAN DELINQUENCIES WORSENED- NY FED.

  • STUDENT LOAN DELINQUENCY RATE ROSE TO 11.3 PCT IN Q4 VS 11.1 PCT IN Q3, AUTO LOANS TO 3.5 PCT VS 3.1 PCT- NY FED.

  • On Wednesday, American Express Co said it would stop offering a co-branded credit card with Costco when its contract with the retailer ends in March 2016. These products are big business for companies such as American Express- nearly a third of the company's purchase volume is on co-branded cards. The official noted that banks that issue Visa or Mastercard...

  • Unpaid Chinese credit card bills leap 42 pct in 2014 Thursday, 12 Feb 2015 | 11:45 PM ET

    BEIJING, Feb 13- Credit card arrears in China leapt 42 percent last year to 35.8 billion yuan, central bank data showed, highlighting rising financial risks in the world's second-largest economy as growth cools to a 24- year old low. Unpaid credit card bills that were outstanding for at least six months jumped 10.6 billion yuan last year compared with 2013, data...

  • Feb 12- American Express Co said Costco Wholesale Corp would stop accepting its cards in the United States from next April, after the companies failed to reach terms on renewal of an agreement. Costco has already replaced American Express with Capital One Financial Corp as its credit-card issuer in Canada, starting this year. Costco has 468 warehouses in the...

  • Feb 12- American Express Co said it will stop issuing credit cards co-branded with Costco Wholesale Corp in the United States from March 31, 2016.