credit cards

Synchrony, Lowe's sign multiyear extension of credit card deal

08/14/18

The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart.

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Citi shuffles consumer unit; fintechs embrace subprime cards

08/14/18

Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans.

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Citigroup's credit-card chief to exit in consumer bank shake-up

08/13/18

Citigroup Inc. is restructuring its consumer-banking operation in a shake-up that includes the departure of its global credit-card chief.

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Battling Canada’s AML woes; Higher capital ratios pushed

08/09/18

U.S. authorities are forced to take action on some shady dealings up north; the Systemic Risk Council says weaker capital rules could deflate bank equity.

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Who needs banks? Stripe wants merchants to be card issuers

08/03/18

Sensing an opportunity in the small business credit card market, Stripe is setting out to outflank big banks by offering APIs to enable its clients to issue their own physical and virtual credit cards.

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Discover COO Hochschild named CEO as network faces heightened competition

08/03/18

Hochschild, the current president and chief operating officer, has been with Discover for 20 years, and will retain his title as president upon assuming the CEO role on Oct. 1. Nelms (pictured) will continue as executive chairman until his retirement early in 2019.

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Consumers use bots to reduce — or eliminate — bank fees

08/02/18

The trend poses challenges for banks, which have long required customers who want fees waived to put in their own effort.

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Goldman’s gold; Dimon’s ‘what could have been’

07/31/18

Stock options offered employees during the financial crisis are now worth $3 billion; the JPM CEO says he talked with Jeff Bezos about a job two decades ago.

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Consumer debt is at an all-time high. Should banks be worried?

07/30/18

As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.

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Amex to review allegations that it misled small-business customers

07/30/18

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

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