American Express to Buy Online “Revolution Money” Payment Platform For $300 Million From AOL Co-Founder Steve Case
American Express announced today that it plans to purchase Revolution Money, an alternative card payment network that has billed itself as a cheap alternative to companies like AmEx, for $300 million
How Smart is Your Credit Card?
Most of us have seen the commercials depicting consumers waving a credit card or debit card at the cashier counter to pay for a purchase. But in actuality, how many of you really done this?
The Top 6 Luxury Credit Cards For The Wealthy
Nowadays, the wealth of a person is not evident through the watch around his wrist, the tie around his neck or the shoes on his feet, but by the plastic in his wallet. A credit card often represents a person's spending ability and credit history.
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
In a recent speech FDIC Chairman Sheila Bair credited the FDIC’s Temporary Liquidity Guarantee Program (TLGP) with an important role in America’s emergence from the 2008-2009’s recession.
American Express to End Gift Card Fees
With the new credit card regulations about to begin, American Express decided to separate themselves from the competition sooner rather than later.
Chase Introduces “Chase Sapphire”, First-Ever Proprietary Rewards Credit Card for Affluent Consumers
Joining the ranks of the American Express and Visa Black Card, Chase Card Services, announced today the launch of Chase Sapphire, a rewards card designed for the affluent market.
Good news for Discover Bank, Amex Credit Card holders
If you are one of the millions of Americans who use their credit cards for everyday purchases, Discover Bank and American Express have good news for you. Banks have largely been criticized for charging their customers high interest rates and service fees.
American Express Debuts It’s Online Personal Savings & CDs Accounts
On June 1st American Express launched their first range of deposit holding products that don't involve signing up for a credit card. Coming out of the gate with a High-Yield Savings account and an assortment of CDs ranging in terms from 3 to 60 months, American Express is seeing to it that their rates were competitive. With a 2.00% APY for their savings, they are neck and neck with other competitive banks such as Ally at 2.05% APY.
Fed Lays Out Rules for Bank Repayment of Bailout Funds
As more banks verbalize their intent to pay back some of the bailout funds back to the government, the Federal Reserve laid out rules that clear the way for the nation’s largest banks to minimize their dependence of government support. The said rules will apply to financial institutions that have more than $100 billion in total assets. The number of banks that fall in this category is 19; 10 banks failed the "stress test" while the remaining 9 institutions were deemed healthy enough by the government.
Banks Brace of Billions in Credit Card Losses
Predicting how many Americans will have problems in paying their credit card bills used to be easy. The banks simply look at the unemployment rate to gauge the level of risk they need to face in the near future. This isn’t accurate anymore. Previously, job loss meant inability to pay. Nowadays, losses are outpacing the unemployment rate.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
