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News Headlines
Capital One, Discover credit-card charg...
Published:Tue, 15 Dec 2009 13:56:06 GMT
Capital One Financial Corp and Discover Financial Services reported that credit-card charge-offs rose in November -- a sign that consumers remain under stress.......
American Express Credit-Card Write-offs...
Published:Tue, 15 Dec 2009 19:47:36 GMT
Dec. 15 (Bloomberg) -- American Express Co. , the top gainer in the Dow Jones Industrial Average this year, said credit-card defaults and late payments fell to 2009 lows as the le......
Banks mailing more rewards credit card ...
Published:Tue, 15 Dec 2009 20:30:40 GMT
Its no surprise that banks are pushing rewards cards given their popularity with consumers. The catch is that the cards being offered are now more likely to have annual fees. In t......
New data show credit card firms still p...
Published:Tue, 15 Dec 2009 18:41:20 GMT
Data released Tuesday by the major U.S. credit-card issuers reinforce the challenges facing lenders. The latest numbers, from issuers including Capital One Financial Corp. COF, JP......
SK Telecom Taps Credit Card Market (Zac...
Published:Tue, 15 Dec 2009 15:08:21 GMT
SK Telecom has sealed a deal to acquire 49% stake in Hana Card, the credit card unit of Hana Financial Group, for KRW400 million to reportedly enter the mobile credit card market.......


Capital One, Discover credit-card charge-offs rise (Reuters via Yahoo! News)
Published:Tue, 15 Dec 2009 13:56:06 GMT  
Capital One Financial Corp and Discover Financial Services reported that credit-card charge-offs rose in November -- a sign that consumers remain under stress....

American Express Credit-Card Write-offs Fall to Lowest of 2009 (Bloomberg)
Published:Tue, 15 Dec 2009 19:47:36 GMT  
Dec. 15 (Bloomberg) -- American Express Co. , the top gainer in the Dow Jones Industrial Average this year, said credit-card defaults and late payments fell to 2009 lows as the lender continued to outperform competitors....

Banks mailing more rewards credit card offers (San Francisco Chronicle)
Published:Tue, 15 Dec 2009 20:30:40 GMT  
Its no surprise that banks are pushing rewards cards given their popularity with consumers. The catch is that the cards being offered are now more likely to have annual fees. In the third quarter, 28 percent of rewards card offers came with annual fees, up... Credit card - Business - Personal finance - Financial Services - Credit...

New data show credit card firms still pressured (Market Watch)
Published:Tue, 15 Dec 2009 18:41:20 GMT  
Data released Tuesday by the major U.S. credit-card issuers reinforce the challenges facing lenders. The latest numbers, from issuers including Capital One Financial Corp. COF, JPMorgan Chase & Co. JPM and Bank of America Corp. BAC, indicate that consumers remain stressed by high rates of joblessness....

SK Telecom Taps Credit Card Market (Zacks.com via Yahoo! Finance)
Published:Tue, 15 Dec 2009 15:08:21 GMT  
SK Telecom has sealed a deal to acquire 49% stake in Hana Card, the credit card unit of Hana Financial Group, for KRW400 million to reportedly enter the mobile credit card market....

Capital One monthly credit card charge-offs rise (AP via Yahoo! Finance)
Published:Tue, 15 Dec 2009 17:21:14 GMT  
Capital One Financial Corp. said Tuesday that more of its U.S. credit card borrowers fell behind on their payments in November....

UPDATE: Data Show US Credit-Card Cos Still Under Pressure (Nasdaq)
Published:Tue, 15 Dec 2009 21:04:09 GMT  
(Adds credit-card data from American Express and Citigroup, comments from company officials and share prices starting in the 11th paragraph.) Data released Tuesday by the major U.S. credit-card issuers reinforce the challenges facing lenders....

US Credit-Card Cos Still Under Pressure, According To New Data (Nasdaq)
Published:Tue, 15 Dec 2009 17:03:38 GMT  
Data released Tuesday by the major U.S. credit-card issuers reinforce the challenges facing lenders....

Capital One: November U.S. credit-card delinquencies rose (Market Watch)
Published:Tue, 15 Dec 2009 13:11:20 GMT  
Capital One Financial Corp. COF reported increases in delinquencies and charge-off levels for U.S. credit-card customers in November from the month earlier. The credit-card-lender-turned-bank has been struggling with credit concerns as the recession threatens the companys balance sheet. The delinquencies give a glimpse of issuers potential losses and how much they may need to set aside in ......
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