American Express Co. fell$. 11 or. 1 percent, to $84.50. Capital One Financial Corp. rose$. 72 or 1.0 percent, to $72.35. Discover Financial Services rose$. 30 or. 6 percent, to $52.11.» Read More
Kanishk Parashar, founder and CEO of Coin, explains how users will use a credit card device that aims to be an all-in-one credit card. "We will come to market in summer of 2014," he says.
Discussing the incentive for consumers and businesses to use bitcoin, with Circle Internet Financial CEO Jeremy Allaire. Circle is a bitcoin start-up that raised $9 million from venture capitalists.
Lawmakers will be looking for answers about how they might regulate a virtual currency. CNBC's Mary Thompson reports bitcoins are not accepted as payments at a growing number of big firms.
NORWALK, Conn., Nov 15- General Electric Co will spin off its credit card business next year into a separately traded company as it tries to reduce its exposure to unpredictable financial businesses and return to its manufacturing roots. At one time, the GE Capital unit, which houses the company's financial operations, contributed nearly half of GE's total profit.
NORWALK, Conn., Nov 15- General Electric Co plans to spin off part of its North American retail finance business next year as a separately traded public company in a long-term attempt to generate less profit from the volatile financial sector and more from manufacturing.
*Bank raised $1 billion in recent London IPO. "TCS does not send unsolicited credit cards to Russian consumers," the company said in a statement issued through the London Stock Exchange.
Financial literacy among teens is low, despite persistent efforts to improve matters. But what teachers say teens don't know may surprise you.
Nov 7- Wells Fargo& Co, is looking to entice more wealthy customers to use its credit cards as part of a strategy to become a more dominant player in that business, a top executive said on Thursday. Wells Fargo aims to grow market share over the next 18 months through a recently announced partnership with American Express Co, he added.
Oct 30- Visa Inc, the world's largest credit card company, reported a 28 percent fall in quarterly profit due to a higher income tax provision. Net income attributable to Visa fell to $1.19 billion, or $1.85 per Class A share, from $1.66 billion, or $2.47, a year earlier.
Oct 30- Visa Inc, the world's largest credit card company, reported a 28 percent fall in quarterly profit due to higher income tax provision. Net income attributable to Visa fell to $1.19 billion, or $1.85 per Class A share, from $1.66 billion, or $2.47, a year earlier. Total operating revenue rose 9 percent to $2.97 billion.
When they want to teach their teen how to handle money, many parents give him or her a debit card. But Herb Weisbaum says it may be better to hand over a credit card instead.
CNBC's Sharon Epperson reports on what American's are more focused on.
With shares of Visa touching an all-time high, is it time to take profits with earnings ahead? "Fast Money" traders Mike Murphy and Dan Nathan debate the credit card giant.
MOSCOW, Oct 21- Russian entrepreneur Oleg Tinkov's consumer credit provider TCS is aiming to raise around $1.1 billion in its London flotation- higher than the $870 million previously expected, a financial market source said on Monday.
Oct 17- Capital One Financial Corp posted a quarterly profit that beat Wall Street estimates after setting aside less money to cover credit card defaults, sending its shares up 2 percent after the bell.
Oct 16- American Express Co posted a better-than-expected 9 percent rise in quarterly profit as customers increased spending on its credit cards and fewer users defaulted on payments.
Herb Weisbaum explains why it is difficult for consumers to protect themselves from a security threat that intercepts credit card numbers from cash registers.
*General Electric's Swiss unit sets share sale price range. ZURICH, Oct 16- General Electric's flotation of its GE Money Bank is expected to value the Swiss consumer finance business at up to 1.53 billion Swiss francs, in a further step in the U.S. firm's retreat from the finance sector.
ISTANBUL, Oct 9- Turkey introduced measures on Wednesday to try to control rampant consumer loan growth and lift its domestic savings rate from historic lows, another front in its battle to reduce a gaping current account deficit.
JUBA, Oct 7- Kenya Commercial Bank, the biggest bank in South Sudan, plans to grow by launching the first credit card service in the young African country and adding more branches, executives told Reuters. KCB has won a licence from VISA Inc to launch credit cards in South Sudan, a war-torn country where few people have a bank account, the executives said.