Hints and tips:
Related Special Reports
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...Credit card lending is a concentrated business: about half of the loans are made by four big banks, led by JPMorgan Chase, with the next two dozen largest banks accounting for the majority of the rest....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...That suggests Tenev and his team have further to go in convincing everyone of Robinhood’s ability to become a financial services behemoth....
...As the country’s biggest credit card issuer and consumer bank, JPMorgan’s main selling point to advertisers is the sheer scale of its customer data....
...But what once seemed like niche, add-on services and products are now becoming mainstream....
...The lender was building out its UK credit card operations and considering offering personal lines of credit, he added....
...Examples are Chipotle, Chuck E Cheese’s, Domino’s and Hard Rock Café, and delivery services such as DoorDash and Uber Eats. Uber Eats and Domino’s UK told us they don’t accept crypto payments....
...Data published by the Financial Ombudsman Service, an independent public body, on Friday showed that 5,660 complaints about credit cards were lodged from October to December last year, a 76 per cent increase...
...She fills much of her time with a more unusual management task — writing greeting cards. “I just spent the whole weekend writing 500 birthday cards,” she says....
Even the IMF underestimates the industry’s heft, according to JPMorgan
...JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to...
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...Even cards from the same issuer can carry different fees for merchants based on the rewards such as airline miles or cashback that the cards offer consumers....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
Once more unto the Vix discourse
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Multiple times the US Department of Justice name-checked Nvayo, which provided payments cards to clients of Scanlon-owned “lifestyle and concierge services” companies, alongside a company called Aurae....
..., internet and mobile banking services....
...Established companies across many industries, from healthcare to financial services to defence, have been keen to deploy the technology....
...She moved over to the consumer banking side of the company, where she ran card services and was finance chief for mortgage banking....
International Edition