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  • Richest Americans prefer cash back   Monday, 9 Feb 2015 | 3:30 PM ET
    Richest Americans prefer cash back

    As credit card use begins to climb back to pre-recession levels, here is what affluent Americans want in a credit card.

  • NEW YORK, Feb 5- Wells Fargo& Co has agreed to pay $4 million for violations on credit card accounts at a former affiliate, New York Governor Andrew Cuomo said. Wells Fargo will pay a $2 million penalty and $2 million in restitution to consumers after the affiliate illegally took interests in borrowers' homes, in exchange for extending credit for routine credit card...

  • MasterCard profit beats as customers spend more Friday, 30 Jan 2015 | 10:26 AM ET
    Mastercard

    MasterCard reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.

  • Jan 30- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often. U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as demand for women's apparel, jewelry and casual dining offset sluggish sales of...

  • MasterCard's quarterly profit rises 29 pct Friday, 30 Jan 2015 | 8:09 AM ET

    Jan 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 29 percent rise in quarterly profit as customers swiped their cards more often. The company's net income rose to $801 million, or 69 cents per share, in the fourth quarter ended Dec. 31 from $623 million, or 52 cents per share, a year earlier. Net revenue rose 14 percent to $2.42...

  • SHANGHAI, Jan 28-- The financial services affiliate of Alibaba launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders. The credit-scoring system, Sesame Credit, will mine user data as well as payment histories from...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate customers after "...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top high street banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate...

  • Jan 22- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a quarterly profit that narrowly missed Wall Street's estimates as the company set aside more money to cover bad loans. Net income attributable to the company's shareholders rose to $974 million, or $1.73 per share, from $835 million, or $1.43 per share.

  • Capital One quarterly profit rises 16.6 pct Thursday, 22 Jan 2015 | 4:23 PM ET

    Jan 22- Credit card issuer Capital One Financial Corp reported a 16.6 percent rise in quarterly profit as the company's net interest income rose. Net income attributable to shareholders rose to $974 million, or $1.73 per share, for the fourth quarter ended Dec. 31, from $835 million, or $1.43 per share, a year earlier. Total net revenue rose about 4.9 percent to $5.81...

  • AmEx to cut more than 4K jobs over this year Wednesday, 21 Jan 2015 | 6:36 PM ET
    American Express

    American Express said it would cut more than 4,000 jobs this year and reported quarterly revenue that beat expectations.

  • Jan 21- More than 4,000 employees of American Express Co will lose their jobs over the next year as part of a restructuring program at the credit card company, a spokeswoman said. This will occur over the course a year throughout the organization, " Marina Hoffmann Norville, a spokeswoman for American Express, said in an email. It said American Express would continue...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. Discover's net income allocated to shareholders fell to $392 million, or 87 cents per share, from $588 million, or $1.23 per share, a year earlier. The company's larger rival American Express Co reported a 10.7...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The company's net income allocated to common shareholders fell to $392 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $588 million, or $1.23 per share, a year earlier. Revenue, net of interest...

  • AmEx profit rises 10.7 pct Wednesday, 21 Jan 2015 | 4:22 PM ET

    Jan 21- American Express Co, the world's largest credit card issuer, reported a 10.7 percent rise in fourth-quarter profit as customers in the United States spent more using its cards and the company earned higher net interest income. Net income rose to $1.45 billion, or $1.39 per share, for the fourth quarter ended Dec. 31, from $1.31 billion, or $1.21 per share, a year...

  • Still hiding money under pillow? Here is a solution   Wednesday, 21 Jan 2015 | 10:48 AM ET
    Still hiding money under pillow? Here is a solution

    CNBC's Jennifer Barrett reports on a financial advisors' solution to address every couple's worst fear: creating a balance between contrasting habits on saving and spending money.

  • Watch out for identity errors on your credit report

    Be on the lookout! Overlooking errors on your credit report could be dragging down your score.

  • Be aware of your account holders   Friday, 16 Jan 2015 | 8:23 AM ET
    Be aware of your account holders

    Be aware of who's listed as owners and authorized users on each credit card account.

  • Credit Limits   Friday, 16 Jan 2015 | 8:17 AM ET
    Credit Limits

    Checking to make sure your credit limits are up to date could make the difference between a good credit score and a great one.

  • Jan 14- Wells Fargo& Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans. Credit cards, one of Wells Fargo's major areas of expansion, were a bright spot as fees rose 12 percent to $925 million in the fourth quarter. Commercial and industrial loans jumped 15...