The global economy will struggle more than people now think, as the credit crunch spreads beyond housing and financials, Gerald Hassell, Bank of New York Mellon president, told "Squawk Box Europe" Friday.

The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.

U.S. consumer borrowing rose by $8.95 billion in April, more than expected, as closed-end consumer loan growth overshadowed the smallest rise in credit card borrowing in nearly three years.

Cash-strapped Americans are ringing up more purchases on their credit and debit cards, but there could be a steep price to pay ahead.

Target says it is selling an interest in its credit-card receivables business to JPMorgan Chase for about $3.6 billion.

The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies.

Visa reported earnings that easily outstripped expectations in its first ever results as a publicly traded company, but the company's shares declined in extended trading.

Amid the turmoil of a conventional recession and a one-of-a-kind credit crunch an obvious line of questioning is staring you in the face. How safe are my deposits at banks and brokerage firms? And what happens if any of these financial institutions goes belly up? Here’s a who’s–who-and-what’s-what breakdown

American Express said its net income fell 6 percent but earnings beat expectations and revenue increased amid higher card-member spending.

Capital One Financial, a credit card and banking company, said on Thursday that first quarter earnings fell, as it set aside three times as much money for credit losses as the same quarter last year.

Visa shares jumped as much as 38 percent in the world's largest credit card network's market debut on Wednesday, as eager investors handed some beleaguered U.S. banks a much-needed payday.

Visa, the world's largest credit card network, raised $17.9 billion in its initial public offering Tuesday night, making it the largest US IPO ever

Anticipating extra scrutiny from Washington in upcoming years, the debt collection industry has begun to put a friendlier face on its activities.

Discounter Target said on Wednesday that it is in talks with an investment partner to sell an undivided interest in about half of its credit-card receivables for about $4 billion.

Americans have turned dramatically negative on the economy, the stock market and housing over the past three months, a new CNBC Wealth in America Survey finds.