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  • *Kotak, Axis Bank targeting strong growth. MUMBAI, April 20- Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. India's 20 million credit cards-- for a population of 1.3 billion-- amount to just 0.5...

  • April 16- American Express Co, the world's largest credit card issuer, reported quarterly revenue that fell short of analysts' estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups. Revenue from international operations, net of interest expense, fell 8 percent to $1.24 billion in the quarter ended March 31, accounting for about 16...

  • American Express beats on profit; revenue misses Thursday, 16 Apr 2015 | 5:18 PM ET
    Man walking past American Express Travel Services office

    American Express beat Wall Street's first-quarter profit estimate but missed on revenue, posting earnings per share of $1.48.

  • April 16- American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income. Net income attributable to AmEx shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or...

  • American Express quarterly profit rises 6.3 pct Thursday, 16 Apr 2015 | 4:21 PM ET

    April 16- American Express Co, the world's largest credit card issuer, reported a 6.3 percent rise in quarterly profit, helped by higher spending by card holders and an increase in net interest income. Net income attributable to common shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or $1.33 per share, a...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of the...

  • April 14- Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer's massive data breach in 2013, the Wall Street Journal reported. MasterCard will distribute the reimbursed funds to the financial institutions that issue credit cards and debit cards under its brand,...

  • SHANGHAI, April 8- China's yuan weakened against the dollar on Wednesday as the central bank fixed a weaker midpoint, while traders said demand for dollars was lifted by individuals paying credit card charges after travelling on a long weekend holiday. The People's Bank of China set the midpoint rate at 6.1345 per dollar prior to market open on Wednesday, 0.07...

  • Soaring Asia household debt not fully captured Thursday, 2 Apr 2015 | 12:30 AM ET

    Household debt across Asia is raising red flags, but the official data may not capture the full picture for families around the region.

  • Credit cards that save you money overseas Wednesday, 1 Apr 2015 | 7:00 AM ET
    Tourists at Eiffel Tower Paris

    Credit cards can save you money when you travel, or cost you big time. Here's how to get the most bang for your buck on that European vacation.

  • Elite credit cards 2X as likely to be hit by fraud Tuesday, 31 Mar 2015 | 5:09 PM ET
    credit cards rewards

    Credit cards with the highest limits are nearly twice as likely to be a target of fraud than other plastic.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.

  • MOSCOW, March 27- Visa still needs one or two months to transfer processing of transactions made on its credit cards in Russia to a local payment system, but Mastercard will make an obligatory April 1 deadline, the head of the payment system said. The new rules were introduced after Visa and Mastercard stopped providing services for some Russian banks that were...

  • Investors meet with American Express CEO   Wednesday, 25 Mar 2015 | 1:30 PM ET
    Investors meet with American Express CEO

    American Express lost the Costco business, and the company is also cutting jobs. CNBC's Mary Thompson reports on the company's investor day, and CEO Kenneth Chenault's plans to get the company back on track.

  • AmEx to launch cross-brand loyalty program: Report Wednesday, 18 Mar 2015 | 6:50 AM ET
    American Express

    American Express will team up with seven companies to launch a loyalty program this spring, The Wall Street Journal reported.

  • House Republicans take aim at Dodd-Frank in budget plan Tuesday, 17 Mar 2015 | 11:20 AM ET

    WASHINGTON, March 17- Republican lawmakers took aim at the Dodd-Frank Wall Street reform law Tuesday, unveiling a plan that would gut regulators' authority to manage the collapse of big banks and give Congress direct control of the U.S. consumer finance bureau's budget. The proposal, led by House Budget Committee Chairman Tom Price, pledges to make "great strides...

  • Credit card defaults up for first time in 5 years Tuesday, 17 Mar 2015 | 11:11 AM ET
    Credit card transaction

    The increase in the February default rate for bank cards may actually be a good sign for the economy. Here's why.

  • Increase in US credit card debt sets record Monday, 9 Mar 2015 | 6:24 PM ET
    Credit card transaction

    Consumers added a record $57.1 billion in new credit card debt in 2014, but defaults hit a six-year low, a new survey says.

  • Apple Pay hit by low-tech fraudsters: WSJ   Friday, 6 Mar 2015 | 6:06 AM ET
    Apple Pay hit by low-tech fraudsters: WSJ

    The "Squawk Box" news team discusses a story from the Wall Street Journal that reports Apple's mobile payment system has been hit by a surge of fraudulent transactions.