American Express Co. fell $2.01 or 2.3 percent, to $85.99. Capital One Financial Corp. fell$. 23 or. 3 percent, to $79.31. Discover Financial Services fell$. 87 or 1.4 percent, to $60.19.» Read More
American Express Co. rose$. 49 or. 5 percent, to $93.37. Capital One Financial Corp. rose$. 20 or. 2 percent, to $82.12. Discover Financial Services rose$. 76 or 1.2 percent, to $64.06.
LOS ANGELES— Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations.
American Express Co. rose$. 70 or. 8 percent, to $93.58. Capital One Financial Corp. rose$. 29 or. 4 percent, to $82.21. Mastercard rose$. 70 or. 9 percent, to $78.05.
American Express Co. rose$. 84 or. 9 percent, to $93.72. Capital One Financial Corp. rose$. 11 or. 1 percent, to $82.03. Discover Financial Services rose$. 92 or 1.5 percent, to $64.22.
July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
July 17- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.
WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.
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As MasterCard's Global Destination Cities Index reveals that top destinations are spending more on infrastructure, Ann Cairns, the company's president of international markets, says it's worth noting that other things also determine tourist numbers.
WASHINGTON, July 8- U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy. Total consumer credit increased by $19.6 billion to $3.19 trillion, the Federal Reserve said on Tuesday. Analysts polled by Reuters expected an increase of $20 billion in the month.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
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Household debt in Asia is growing quickly, spurring concerns consumers may struggle to pay their bills as interest rates start to tick higher.
The Consumer Financial Protection Bureau ordered GE Capital Bank to give an estimated $225 million to consumers harmed by credit card discrimination.
Although near-field communication has struggled to go mainstream for a decade, the technology is gaining ground in payments.
A new report says thieves routinely sell stolen credit card numbers and other personal information via videos on YouTube, Re/code reported.